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IMF and Big Business for Universal Vaccination Better Red, than Dead

The me-first policy on vaccine sharing will bring losses of $203 billion to $5 trillion to rich countries, while the returns are the highest if they support global universal vaccination.

by Prabir Purkayastha | On 02 Feb 2021

Weekend Ruminations: Advice for shoot-from-the-hip nationalists: Take aim before firing

It's all good to be tactical - keep China out of strategic markets; hit back in the same coin if it looks to keep India's key sectors out - but don't shoot yourself in the foot.

by T.N. Ninan | On 21 Jun 2020

Urban Food Markets and the Lockdown in India

On March 24, 2020, the Government of India announced a 21-day national lockdown that has since been extended to May 3, 2020. The lockdown has left urban food markets in disarray with severe supply b...

by Sudha Narayanan | On 06 May 2020

Emerging Markets Perspectives on G-20 led Financial Reforms

The chapter examines progress as well as continuing concerns in G-20 led financial reforms, with particular emphasis on emerging markets (EMs). Although risks remain they are of a lower order of magni...

by Ashima Goyal | On 25 Apr 2019

When do regulatory interventions work?

Previous studies find mixed results about how a fee on high order-to-trade (OTR) ratios impacts market quality. Using a natural experiment where such a fee was introduced twice for different reasons,...

by Nidhi Aggarwal | On 25 Apr 2019

Changing Structure of Employment in Indian States

The study attempts a comparative assessment of the changing employment situation in major Indian states, measured in terms of worker-population ratios and the distribution of workers into status group...

by A.V. Jose | On 01 Feb 2019

The Business of Greening: Policy Measures for Green Business Development in Asia

The paper reviews green markets, technologies, and practices with a focus on developing Asian countries, and offers a set of policy options to enable governments and development finance institutions t...

by Daniele Ponzi | On 29 Jan 2019

Green Finance in Singapore: Barriers and Solutions

This study reviews how green finance in Singapore is working, examines existing barriers, and suggests some solutions. Singapore, a well-established financial hub in Asia, aims to be a hub for green f...

by Youngho Chang | On 20 Jan 2019

Health and Disaster Risk Management in India

This paper presents an overview of India’s health capacity in managing disaster risks. It looks at demographic, epidemiological and developmental transitions in India and how that impacts decision mak...

by Supriya Krishnan | On 14 Jan 2019

Exporting and Firm Performance: Evidence from India

In this paper the positive correlation between firm productivity and export status is well established. This correlation can arise from multiple alternative casual models. It has investigated these re...

by Apoorva Gupta | On 12 Jan 2019

UDAY Power Debt in Retrospect and Prospects: Analyzing the Efficiency Parameters

The Government of India launched the Ujwal DISCOM Assurance Yojana (UDAY), in November 2015, with an objective of “Power for All”. Under the UDAY scheme, selected States agreed to convert 75 per cent...

by Amandeep Kaur | On 11 Jan 2019

The Role of SMEs in Asia and Their Difficulties in Accessing Finance

Small and medium-sized enterprises (SMEs) are the backbone of the Asian economy. They make up more than 96% of all Asian businesses, providing two out of three private-sector jobs on the continent. Th...

by Naoyuki Yoshino | On 02 Jan 2019

Services Policies and Manufacturing Exports

This paper uses a structural gravity model to show the effects of services policies on manufacturing exports. Whereas the previous literature has focused on indirect effects of policies—flowing throug...

by Ben Shepherd | On 28 Dec 2018

Competition in Two Sided Markets with Congestion

This paper analyses competition in a two sided market with congestion. The existing literature’s pricing mechanisms of two-sided markets has concluded that pricing mechanism depends on the following t...

by Swapnil Sharma | On 27 Dec 2018

Do Local Currency Bond Markets Enhance Financial Stability?

This paper empirically tests conventional wisdom on the stabilizing effect of LCBMs. To do so, it analyses and compare the financial vulnerability of developing countries during two episodes of financ...

by Donghyun Park | On 26 Oct 2018

Skewed Credit and Growth Dynamics after the Global Financial Crisis

A large empirical literature finds that financial development is beneficial for economic growth, although some recent evidence suggests otherwise. The paper contributes to the finance–growth literatur...

by Gemma Estrada | On 19 Oct 2018

Demand for Information on Environmental Health Risk, Mode of Delivery, and Behavioral Change: Evidence from Sonargaon, Bangladesh

Lack of access to reliable information on environmental exposure limits opportunities for risk avoiding behavior, particularly in developing countries. Private markets could potentially play a role in...

by Ricardo Maertens | On 04 Oct 2018

The Changing Network of Financial Market Linkages: The Asian Experience

The paper investigates the changing network of financial markets for six periods from 1995–2016, constructing a network that captures the concepts of the direction of links between markets, the signif...

by Biplob Chowdhury | On 21 Sep 2018

Risk Management in Maldives: Sharing Practical Experience and Lessons Learned

Risk management is a systematic approach to determine which goods and passengers need to be examined in detail when entering a country. It involves (i) collecting, storing, and analyzing data to und...

by Asian Development Bank | On 19 Sep 2018

Rationale and Institution for Public – Private Partnerships

Private–public partnership (PPP) methods are considered to be an effective way to narrow the gap between demand and supply of social infrastructure. If successfully pursued, PPP can deliver benefits t...

by Jungwook Kim | On 19 Sep 2018

The Spread of Deposit Insurance and the Global Rise in Bank Asset Risk since the 1970s

The paper constructs a new measure of the changing generosity of deposit insurance for many countries, empirically model the international influences on the adoption and generosity of deposit insuranc...

by Charles W. Calomiris | On 03 Sep 2018

Market Expanding or Market Stealing? Platform Competition in Bike-Sharing

The recent rise of dockless bike-sharing is dominated by two platforms: one started first in 82 Chinese cities, 59 of which were subsequently entered by the second platform. Using these variations, th...

by Guangyu Cao | On 01 Sep 2018

Vulnerability to Poverty in the Philippines: An Examination of Trends from 2003 to 2015

The reduction of poverty is at the heart of the development agenda both nationally and globally. This is reflected in the Philippine Development Plan, and the worldwide commitment toward the Sustainab...

by Jose Ramon G. Albert | On 27 Aug 2018

An Empirical Analysis of the Factors that Influence Infrastructure Project Financing by Banks in Select Asian Economies

This paper analyzes a critical aspect of expanding private finance to infrastructure by examining the role of bank lending to public–private partnership (PPP) projects through the project finance moda...

by Vivek Rao | On 24 Aug 2018

Managing Credit Risk and Improving Access to Finance in Green Energy Projects

The cost of finance has a relatively high impact on the returns and viability of clean energy projects compared with fossil fuel-based energy projects, because the operating costs for renewable energy...

by Purkayastha Dhruba | On 13 Aug 2018

Determinants of Public–Private Partnerships in Infrastructure in Asia: Implications for Capital Market Development

This study attempts to understand the role of greater access to finance, i.e., stocks, bonds, and bank loans, in public–private partnership (PPP) investment in developing countries. Most developing co...

by Suk Hyun | On 10 Aug 2018

Credit Risk Reduction Effect on Small and Medium- Sized Enterprise Finance Through the Use of Bank Account Information

This paper verifies the impact of bank account information, such as information on deposits and withdrawals, that is not necessarily fully accounted for in conventional internal ratings and that can a...

by Naoko Nemoto | On 10 Aug 2018

Enabling Smart Urban Redevelopment in India through Floor Area Ratio Incentives

This working paper assesses the potential of incentive FAR approaches in two Indian cities, Mumbai and Ahmedabad, for leveraging the economic value of urban land. A thorough analysis of Mumbai’s clust...

by Apoorva Shenvi | On 25 Jul 2018

Alternate Instruments to Manage the Capital Flow Conundrum: A Study of Selected Asian Economies

The paper analyses a nationally representative data set from India for the year 2013 in order to provide evidence on how short term migration is affected by household's ownership of land, and particip...

by Rajeswari Sengupta | On 25 Jul 2018

Portfolio Composition and Valuation Effects in Emerging Market Economies

Gross capital inflows and outflows to and from emerging market economies (EMEs) have witnessed a significant increase since early 2000s. This rapid increase in these flows accompanied by sharp rise in...

by Ashima Goyal | On 25 Jul 2018

Fiscal policy Conditions for Government Budget Stability and Economic Recovery: Comparative Analysis of Japan and Greece

This paper first shows that the Domar condition is obtained only from the government budget constraint (namely the supply of government bonds) and does not take into account the demand for government...

by Naoyuki Yoshino | On 19 Jul 2018

Financial Inclusion, Financial Regulation, Financial Literacy, and Financial education in the Kyrgyz Republic

This paper discusses recent developments in financial inclusion and financial literacy in Kyrgyz Republic. While financial inclusion is considered one of the key drivers of today’s development, it is...

by Savia Hasanova | On 19 Jul 2018

Institutional Issues on Disaster Risk Reduction and Management

Ensuring the realization of the full potential of the incumbent DRRM policy requires appropriate sectoral and institutional translation of its espoused principles; reflecting more refined institutiona...

by Sonny N. Domingo | On 06 Jul 2018

Risk Management Innovation for Philippine Banking

This Policy Note revisits the risk management policy of BSP as a guide in strengthening the competitiveness of Philippine banks. It also recommends measures to further refine the banking system in the...

by Roberto Miguel S. Roque | On 29 Jun 2018

Regulating Infrastructure Development in India

This paper reviews the existing framework for infrastructure development and the associated standards in India, and identifies areas for concern. Rather than deeply analysing any one standard, this pa...

by Sanhita Sapatnekar | On 15 Jun 2018

The Rise of Government-Funded Health Insurance in India

India has experienced a remarkable proliferation of 48 Government Funded Health Insurance Schemes (GFHIS) from 1997 to 2018. The paper places the rise of this policy pathway in historical perspective....

by Ila Patnaik | On 15 Jun 2018

Federalism, Fiscal Asymmetries and Economic Convergence: Evidence from Indian States

This paper tests economic convergence across States in India by incorporating federal fiscal asymmetries and differentials in gross fixed capital formation at the state level. Using dynamic panel mode...

by Lekha Chakraborty | On 15 Jun 2018

Assessing the Effectiveness of IMF Programs Following the Global Financial Crisis: How Did It Change Since the Asian Crisis?

The paper identifies key features of International Monetary Fund (IMF)–supported programs following the 2008 global financial crisis. The statistical analysis of a large sample of countries that borro...

by Carlos De Resende | On 09 Jun 2018

Cross- Border Portfolio Investment and Financial Integration in Asia and the Pacific Region

This paper examines the developments of cross-border portfolio assets and liabilities in the Asia and Pacific region over the periods of 2001–2017. Rapid increases in both portfolio foreign assets and...

by Sayuri Shirai | On 07 Jun 2018

Forward Guidance

The paper assesses the power of forward guidance—promises about future interest rates—as a monetary tool in a liquidity trap using a quantitative incomplete-markets model. The results suggest the effe...

by Marcus Hagedorn | On 24 Apr 2018

Community Disaster Resilience Fund (CDRF): Operational Guidelines - Draft

The report says that the goal is to promote community leadership in strengthening capabilities and resource mobilization.

by National Alliance Risk Reduction (NAADRR) | On 05 Apr 2018

The Geography of Patenting in India: Patterns and Determinants

This study examines the regional profiles of patenting activities in India. The number of most dynamic sub-national spaces in patent applications is found to be limited to just two to three regions...

by Jaya Prakash Pradhan | On 29 Mar 2018

Awareness and the Demand for Environmental Quality: Drinking Water in Urban India

The demand for environmental quality is often presumed to be low in developing countries due to poverty. Less attention has been paid to the possibility that lack of awareness about the adverse heal...

by | On 22 Mar 2018

The State of the World's Land and Water Resources for Food and Agriculture: Managing Systems at Risk

The issue of land and water for crops. It examines the kinds of production responses needed to meet demand. It also assesses the potential of the world’s land and water resources to support these de...

by Food and Agricultural Organization [FAO] | On 22 Mar 2018

Stories of Empowerment – Case Studies of Empowerment of Rural Workers

With a population nearing 60 million, half of which occupies the two major cities of Karachi and Hyderabad, Sindh is the only province with a rural population in the minority. Research conducted by PI...

by Salman Rashid | On 21 Mar 2018

Global Downturn and Export Sector in India: Impact on Production, Export and Employment

The paper says that the recent (2007–09) global financial meltdown and the related economic recession are seen as the worst since the Great Depression of 1930s.

by S.K. Sasikumar | On 12 Mar 2018

Measuring the Equilibrium Impacts of Credit: Evidence from the Indian Microfinance Crisis

In October 2010, the state government of Andhra Pradesh, India issued an emergency ordinance, bringing microfinance activities in the state to a complete halt and causing a nation-wide shock to the li...

by Emily Breza | On 10 Mar 2018

Managing Financial Globalization: Insights from the Recent Literature

This paper seeks to draw lessons for developing countries based on a survey of the recent literature on financial globalization. First, while capital account openness holds promises (by potentially lo...

by Shang-Jin Wei | On 10 Mar 2018

Internationalisation of the Rupee

This paper evaluates the current status of the Indian Rupee as an international currency using the Chinn and Frankel (2008) framework, and explores the possibility of future Indian Rupee international...

by Shekhar Hari Kumar | On 27 Feb 2018

Economic Survey 2017: Volume II: Chapter 3: Monetary Management and Financial Intermediation

During 2017-18 (till January), monetary policy remained steady with only one policy rate cut in August. As the Y-o-Y effect of demonetisation wore off, the growth rate of both Currency in Circulatio...

by Arun Jaitley | On 31 Jan 2018

Levels and Trends in Child Malnutrition

UNICEF, WHO, World Bank global and regional child malnutrition estimates from 1990 to 2017 reveal that we are still far from a world without malnutrition. The joint estimates, published in May 2017,...

by United Nations Children's Fund UNICEF | On 25 Jan 2018

The Politics of Institutional Reform and Post-Conflict Violence in Nepal

How does the reform of state institutions shape prospects for peace after war? Existing re- search on the institutional causes of peace focuses on how institutional designs, as the out- comes of ref...

by Julia Strasheim | On 17 Jan 2018

One Year Later.... Community Disaster Resilience Fund (CDRF), Learning From the Pilot Initiative in India

The paper says that the Community Disaster Resilience Fund (CDRF) is viewed as a mechanism to direct resources for DRR to at risk and vulnerable communities in the context of local implementation of t...

by National Alliance for Disaster Risk Reduction NADRR | On 10 Jan 2018

Book Review: Inappropriate Technology and Markets Kill Cotton Farmers and Weavers: A Passionate Account since Colonial Times

Review of A Frayed History: The Journey of Cotton in India by Meena Menon and Uzramma. Oxford University Press, 2018. USD 685.50.

by | On 07 Jan 2018

Effects of Financial Market Imperfections on Indian Firms‘ Exporting Behavior

Using data from more than 6,000 manufacturing firms in India for 1996–2008, we investigate the impact of financial constraints on the exporting behavior of Indian manufacturing firms while also focusi...

by Hiro Ito | On 21 Dec 2017

India’s Bond Market— Developments and Challenges Ahead

While India boasts a world-class equity market and increasingly important bank assets, its bond market has not kept up. The government bond market remains illiquid. The corporate bond market, in addit...

by | On 14 Dec 2017

Impact of India's Demonetization on Domestic Agricultural Markets

This paper estimates the impact on domestic trade in agricultural commodities of India's demonetization exercise that invalidated 86% of the currency in circulation. Using data on arrivals and prices...

by Nidhi Aggarwal | On 10 Dec 2017

Knowledge attitude and practice survey on social protection schemes in selective districts

The study focus on the existing social assistance schemes targeted towards the extreme poor.

by Rabia Tabassum | On 16 Nov 2017

Price Discovery in some Primary Commodity Markets in India

With the onset of wide-ranging economic reforms in India in 1991, agents have been exposed to increased price risk in commodity markets. Futures markets are one important instrument for reducing price...

by Raushan Kumar | On 07 Nov 2017

Socially Disadvantaged Groups and Micro-finance in India

About two-thirds of microfinance clients in India are reported to be in Self-Help Groups (SHGs). These mostly women’s groups have been promoted by nationalized banks since the early nineties to improv...

by Jean-Marie Baland | On 06 Nov 2017

On the Importance of Triangulating Datasets to Examine Indians on the Move

A chapter dedicated to migration in the Economic Survey 2016-17 signals the willingness on the part of Indian policymakers to address the linkages between migration, labour markets and economic develo...

by S. Chandrasekhar | On 03 Oct 2017

East Asian Financial and Economic Development

Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the 1930s. South Korea, among the world’s poorest countries in the 1960s,joined the rank...

by Randall Morck | On 25 Sep 2017

Monetary Transmission in India: Working of Price and Quantum Channels

The paper examines the strength and efficacy of transmission from the policy rate and liquidity provision to market rates in India, using event window regression analysis. The paper finds the interest...

by Ashima Goyal | On 15 Sep 2017

India’s Phytonutrient Report - A Snapshot of Fruits and Vegetables Consumption, Availability and Implications for Phytonutrient Intake

The objective of the study is to understand the ‘actual’ consumption patterns of fruits and vegetables in India and compare this to the World Health Organization (WHO) ‘recommended’ quantity for an ad...

by Arpita Mukherjee | On 31 Aug 2017

'Urban Bias' in the Flow of Funds and Deposit Mobilisation: Evidence from Karnataka, India

The paper argues that as bankers consider deposits a means for security, easy and attractive deposit schemes should be introduced in rural areas.

by Gagan Bihari Sahu | On 23 Aug 2017

Developing India's Offshore Local Currency Bond Market: Lessons from Emerging Countries

This paper takes stock. It assesses the current market state and structure, surveys a cross-section of market participants to identify the relevant issues, and employs two case studies of EME peers, C...

by Renu Kohli | On 23 Aug 2017

Promoting Organic Food Products and Exports - Status, Issues and Way Forward

This paper, based on a primary survey of companies engaged in organic food business in India and the United Kingdom (UK), examines how organic food can attract more investment (domestic and foreign) a...

by Arpita Mukherjee | On 08 Aug 2017

Report of The Committee to Review Governance of Boards of Banks in India

The Report projects, under different scenarios, the capital requirements till March 2018 in order that provisions are prudent, there is adequate balance sheet growth to support the needs of the econom...

by Reserve Bank of India RBI | On 08 Aug 2017

Report of the Working Group on Resolution Regime for Financial Institutions

The report narrates the recent global financial crisis demonstrated the shortcomings of the frameworks to handle the failure of large and systemically important financial institutions, also known as “...

by Reserve Bank of India RBI | On 08 Aug 2017

Report of the Working Group on Development of Corporate Bond Market in India

It has been well recognized that a well-developed corporate bond market complements a sound banking system in providing an alternative source of finance to the real sector for its long-term investme...

by Securities Board of India | On 04 Aug 2017

Corporate Leverage in EMEs: Has the Global Financial Crisis Changed the Determinants?

Has the global financial crisis changed the pivotal determinants of corporate leverage in EMEs? This paper attempts to address this issue using a panel-GMM framework and quantile-analysis for 10 maj...

by Snehal S. Herwadkar | On 04 Aug 2017

Risk-weighting under Standardised Approach of Computation of Capital for Credit Risk in Basel Framework – An Analysis of Default Experience of Credit Rating Agencies in India

The paper attempts to find out whether the credit risk regulatory capital of Indian banks is commensurate with the default experience associated with ratings assigned by the Indian rating agencies. Th...

by Ajay Kumar Choudhary | On 04 Aug 2017

What Explains Call Money Rate Spread in India?

The study focuses on various drivers of overnight inter-bank rate spread under the new liquidity management framework during July 2013 to December 2016. Applying OLS with Newey-West estimator and va...

by Sunil Kumar | On 03 Aug 2017

Does Government Borrowing Crowd out Private Sector Credit in Pakistan

An analysis of the impact of government borrowing from the scheduled banks on the credit to private sector in Pakistan, using monthly data from 1998:M6 to 2015:M12. We find that a one percentage poi...

by Sajjad Zaheer | On 31 Jul 2017

A Case for Institutional Demand as Effective Social Protection: Supporting Smallholders Through Procurement and Food Assistance Programmes

This paper focuses on the rationale for state-based market interventions to support smallholder production along with some case studies that follow the evolution and impact of what we call ‘institutio...

by Ryan Nehring | On 28 Jul 2017

Asia Bond Monitor - June 2015

The report narrates that the local currency bond market in emerging East Asia continued to expand in 1Q15 to reach US$8.3 trillion at end-March.

by Asian Development Bank Institute | On 24 Jul 2017

Making Money Work: Financing a Sustainable Future in Asia and the Pacific

This report explores some of the ways forward. It highlights not just the need to inject more money into investments that contribute to sustainable development, but also to attract funds toward them—t...

by Asian Development Bank Institute | On 21 Jul 2017

Local Currency Bonds and Infrastructure Finance in ASEAN+3

This study was undertaken under ABMI. It addresses two key questions: (i) Why is local currency bond financing not more widely used for infrastructure projects in ASEAN+3? and (ii) What can be done to...

by Asian Development Bank Institute | On 18 Jul 2017

Reforming the Financing System for the Road Sector in the People’s Republic of China

The People’s Republic of China (PRC) implemented a Fuel Tax Reform in 2009 that made significant changes to the way the country funds and delivers its ‘ordinary road’ program.

by Asian Development Bank Institute | On 17 Jul 2017

Assessing Financial Protection against Disasters: A Guidance Note on Conducting a Disaster Risk Finance Diagnostic

The purpose of this note is to help development practitioners gather relevant information, conduct analysis, and present both in a standardized diagnostic framework. In addition to the guidance note i...

by Asian Development Bank Institute | On 14 Jul 2017

Facilitating Foreign Exchange Risk Management for Bond Investments in ASEAN+3

The report says that the bond investors typically have a long position in local currency bond markets. To manage their foreign exchange risk, they may want to hedge that exposure for a period of time.

by Asian Development Bank Institute | On 12 Jul 2017

Metaguidelines for Water and Climate Change: For practitioners in Asia and the Pacific

This publication is a continuation of the APWF Framework Document on Water and Climate Change Adaptation, developed for leaders and policy-makers in Asia and the Pacific in 2012.

by Asian Development Bank Institute | On 12 Jul 2017

Asia Small and Medium-sized Enterprise (SME) Finance Monitor 2014

This publication reviews various country aspects of SME finance covering the banking sector, nonbank sector, and capital markets. It is expected to support evidence-based policy making and regulations...

by Asian Development Bank Institute | On 11 Jul 2017

Harmonization and Standardization of Bond Market Infrastructures in ASEAN+3: ASEAN+3 Bond Market Forum Sub-Forum 2 Phase 3 Report

This report is an outcome of Phase 3 discussions under the ASEAN+3 Bond Market Forum Sub-Forum 2, which have focused on making bond market infrastructures in the region more inter-operable through the...

by Asian Development Bank Institute | On 11 Jul 2017

Economic Analysis of Climate-Proofing Investment Projects

This report describes the conduct of the cost-benefit analysis of climate proofing investment projects. An important message is that the presence of uncertainty about climate change does not invalidat...

by Asian Development Bank Institute | On 10 Jul 2017

Financial Soundness Indicators for Financial Sector Stability in Georgia

The results of this study can be used to strengthen the institutional and statistical capacities of Georgia to routinely collect, compile, analyze, and disseminate internationally comparable financial...

by Asian Development Bank Institute | On 07 Jul 2017

Asia Bond Monitor - September 2015

The publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks, and policy options. This issue includes a special section on Sukuk (Islamic bonds)...

by Asian Development Bank Institute | On 06 Jul 2017

Asia Bond Monitor - November 2015

The report says that yields for 10-year local currency (LCY) government bonds in emerging East Asia were mostly down between 1 September and 31 October. Investor confidence was buoyed as financial mar...

by Asian Development Bank Institute | On 29 Jun 2017

Strengthening City Disaster Risk Financing in Vietnam

This paper presents a summary of a technical assistance project on the development of disaster risk financing solutions for the cities of Can Tho and Hue and, by extension, for other cities in Viet Na...

by Asian Development Bank Institute | On 26 Jun 2017

Asia Bond Monitor - June 2017

This issue of the Asia Bond Monitor includes two special discussion boxes. Box 1 discusses the risks to emerging Asia’s financial stability under tightening global liquidity conditions. Box 2 discusse...

by Asian Development Bank Institute | On 23 Jun 2017

Southeast Asia and the Economics of Global Climate Stabilization - Report

The paper suggests that the impacts of climate change in Southeast Asia may be larger than previously estimated, possibly reaching 11% of gross domestic product by 2100.

by David Raitzer | On 19 Jun 2017

Asia Bond Monitor - March 2016

The report narrates that the yields of local currency bonds in most emerging East Asian markets remained on a downward trajectory in the first month and a half of 2016, pressured by worries over globa...

by Asian Development Bank Institute | On 15 Jun 2017

Trade and Transport Facilitation Monitoring Mechanism: Baseline Study in Bangladesh

This report reviews trade and transport procedures in Bangladesh, highlights the importance of monitoring trade and transport facilitation, and lays a foundation for future studies and establishment o...

by Asian Development Bank Institute | On 12 Jun 2017

Disaster-Resilient Microfinance: Learning from Communities Affected by Typhoon Haiyan

The report sets out the experience, analysis and conclusions of VisionFund International and their Philippine microfinance operation Community Economic Ventures Incorporated (CEVI). This analysis foll...

by Asian Development Bank Institute | On 09 Jun 2017

Asia Bond Monitor - June 2016

The report says that the global economic environment also affects the region’s bond yields, emphasizing the importance of domestic macroeconomic stability and bond market resilience in the face of glo...

by Asian Development Bank Institute | On 06 Jun 2017

Asian Development Outlook 2016 Supplement: Asia's Growth Prospects Undimmed by Brexit Vote

Growth in Central Asia is weaker than predicted, while expansion in the Pacific is now expected to be a touch higher. Forecasts are unchanged for East, South, and Southeast Asia. While the Brexit vote...

by Asian Development Bank Institute | On 02 Jun 2017

Envisioning Tax Policy for Accelerated Development in India

The objective of the paper is to highlight the reforms needed in the tax system to improve the revenue productivity of the tax system to conform to the vision of accelerating economic growth and dev...

by M. Govinda Rao | On 26 May 2017

Asia Bond Monitor - September 2016

The report notes that yields for 2-year and 10-year local currency government bonds in emerging East Asia were mostly lower between 1 June and 15 August and stock markets in the region recorded gains...

by Asian Development Bank Institute | On 23 May 2017

ASEAN+3 Bond Market Guide 2016: Japan

The paper narrates that the Government of Japan raises significant amounts from domestic capital markets to finance government expenditures, mainly through the issuance of Japanese Government Bonds (J...

by Asian Development Bank Institute | On 16 May 2017

ASEAN+3 Bond Market Guide 2016: Malaysia

According to data published on AsianBondsOnline, total LCY bonds outstanding in Malaysia barely moved in the third quarter of 2015 compared with the previous quarter, standing at MYR1,076 billion at t...

by Asian Development Bank Institute | On 16 May 2017

ASEAN+3 Bond Market Guide 2016: Singapore

The report say that the Singapore bond market has become one of the most developed open capital markets in Asia with over US$221 billion in total local currency bonds outstanding with an additional US...

by Asian Development Bank Institute | On 15 May 2017

ASEAN+3 Bond Market Guide 2016: Hong Kong, China

The paper narrates that the bond market in Hong Kong, China has for some time been a significant market place for issuers and investors in both domestic and foreign currencies. The range of product of...

by Asian Development Bank Institute | On 11 May 2017

Credit Guarantees: Challenging Their Role in Improving Access to Finance in the Pacific Region

This paper draws on the background research by Saumya Mitra. PSDI thanks Erik Aelbers for preparing Appendix 2: Credit Guarantee Schemes in the Pacific, and Melissa Dayrit and Amanda Lucas-Frith for h...

by Asian Development Bank Institute | On 11 May 2017

Philippines: Public-Private Partnerships by Local Government Units

The paper narrates that as local government units (LGUs) have strived to carry out the responsibilities and activities devolved to them by the 1991 Local Government Code, they have explored and availe...

by Asian Development Bank Institute | On 11 May 2017

Asia Bond Monitor - November 2016

This issue of the Asia Bond Monitor includes Local currency (LCY) government bond yields in advancedeconomies and emerging East Asia climbed between 31 October and 18 November due to increased concern...

by Asian Development Bank Institute | On 11 May 2017

Asian Development Outlook Supplement: Asia's Economies Steady Despite Global Uncertainty

The outlook for developing Asia remains broadly as forecast in Asian Development Outlook 2016 Update. Despite an extraordinary and temporary growth dip affecting one of the region’s largest economies,...

by Asian Development Bank Institute | On 10 May 2017

Philippines: Management of Contingent Liabilities Arising from Public-Private Partnership Projects

The paper says that the government has already initiated reforms to strengthen the institutional framework for managing contingent liabilities arising from PPP projects. Among these reforms are (i) es...

by Asian Development Bank Institute | On 10 May 2017

Asia Bond Monitor - March 2017

This issue of the Asia Bond Monitor includes three special discussion boxes. Box 1 discusses the risk of Federal Reserve rate hikes to emerging Asia’s financial stability. Box 2 analyzes the risks to...

by Asian Development Bank Institute | On 05 May 2017

Asia-Pacific Sustainable Development Goals Outlook

The Asia-Pacific Sustainable Development Goals Outlook report aims to develop a shared understanding of the opportunities and challenges confronting the region. This report provides a goalby-goal sn...

by Asian Development Bank Institute | On 04 May 2017

Cost Channel, Interest Rate Pass-Through and Optimal Policy under Zero Lower Bound

This paper analyzes optimal monetary policy under zero lower bound in the presence of cost channel. Cost channel introduces trade-o¤ between output and inflation when economy is out of ZLB. As a res...

by Taniya Ghosh | On 04 May 2017

Security Cooperation in South Asia

South Asia continues to be one of the most important crisis regions in the 21st century. It is characterized by an interlocking web of old and new security risks. There are unresolved territorial disp...

by | On 17 Apr 2017

National Mental Health Survey of India, 2015-16

The National Mental Health Survey is a joint collaborative effort of nearly 500 professionals, comprising of researchers, state level administrators, data collection teams and others from the 12 sta...

by National Institute of Mental Health & Neurosciencn NIMHANS | On 07 Apr 2017

Budget 2017-18: Business as Usual

Budget 2017-18 was presented at the time when the global situation is inhospitable, marked with protectionism and domestic environment is constrained by the twin balance sheet crisis. The investment ...

by M Govinda Rao | On 10 Mar 2017

Development Planning and 'Urban' Context: Reflections on the Indian Scene

Through a broad portrayal of character of its development, changing urban patterns, nature of urban economic structure and contents of urban development policies, this paper takes a political econom...

by Biswaroop Das | On 17 Feb 2017

Household Expenditure on Higher Education in India: What Do we Know and What do Recent Data Have to say?

Data from two recent NSSO surveys are analysed to provide estimates of expenditure on higher education and loans availed for higher education. The average share of expenditure on higher education out...

by S. Chandrasekhar | On 03 Jan 2017

Global Burden of Disease Study 2015

Global Burden of Diseases is an annual effort to measure the health of populations at regional, country, and selected subnational levels. GBD produces estimates of mortality and morbidity by cause, a...

by | On 29 Nov 2016

Craft Clusters and Work in Rural India: An Exploration

With the farm sector continuing with unimpressive performance in terms of the growth of value of output, agricultural infrastructure and also sustained massive rise in the landless agricultural labo...

by Keshab Das | On 28 Nov 2016

A Stagnant Agriculture in Kerala: The Role of the State

The paper shows that disincentives generated by the successive governments in Kerala through imposing artificial barriers on the freedom of farmers and agricultural entrepreneurs resulted in the coll...

by Lekshmi R Nair | On 08 Nov 2016

Laws and Institutions Relating to Environmental Protection in India

This paper deals with the evolution of laws, institutions and polices relating to environmental protection in India. It considers the following questions : (a) whether the laws are evolved indigenou...

by U. Sankar | On 28 Oct 2016

Investment Pattern of Youth in India with Particular Reference to Mumbai

This study examines the savings and investment pattern of select college going students (Age: 17-25 years) in the city of Mumbai who has just begun to earn. The study also looks into the basic financi...

by | On 25 Oct 2016

Financial Stability in a Weak Global Environment

Even almost eight years since resorting to the extraordinary monetary and fiscal measures to counter the after-effects of the Global Financial Crisis, authorities are still left wondering about rela...

by S.S. Mundra | On 10 Oct 2016

Equity and Inclusion in Disaster Risk Reduction: Building Resilience for all

This paper attempts to address some of these shortcomings and to move the debate beyond the simplistic focus of including vulnerable groups within disaster risk reduction (DRR) policy-making. By promo...

by | On 26 Sep 2016

How do Gender Approaches improve Climate Compatible Development? Lessons from India

Although evidence shows that women are both victims of climate change and important contributors of knowledge and skills in disaster risk, adaptation and mitigation strategies, the gender perspective...

by | On 23 Sep 2016

Two Centuries of Finance and Growth in the United States, 1790-1980

Do efficient financial markets and institutions promote economic growth? Have they done so in the past? This essay, to be included in the Handbook of Finance and Development (edited by Thorsten Beck a...

by Howard Bodenhorn | On 22 Sep 2016

Coping with Water Scarcity. Challenge of the 21st Century

Produced on the occasion of World Water Day 2007, which focused on the issue of water scarcity, this publication addresses the challenges of water scarcity in relation to climate change, rural areas,...

by Food and Agricultural Organization [FAO] | On 16 Sep 2016

Making Pulses Affordable Again: Policy Options from the Farm to Retail in India

Rising prices and declining consumption of pulses cause concern in terms of both nutrition and food inflation in India. This paper outlines policy strategies to increase the availability of pulses at...

by P.K. Joshi | On 16 Sep 2016

Water Distress: Cauvery's Muddied Waters

Cauvery has been a source of dispute from two centuries back itself. The Cauvery Water Disputes Tribunal (CWDT) was constituted by the government of India in 1990 to adjudicate the inter-state river w...

by Aakriti Singh | On 15 Sep 2016

Who Takes a Call on Price Stability, the Government or the RBI?

The question here is, whether it’s the responsibility of the Government or the Central Bank to ensure price stability in an economy? For instance, what was the role of the RBI when the prices of pulse...

by Deepthi Mary Mathew | On 07 Sep 2016

Should Countries Be More Like Shopping Malls? A Proposal for Service Performance Guarantees

Many developing countries have made progress in political openness and economic management but still struggle to attract private sector investments, at least outside of narrow, resource-based enclaves...

by Alan Gelb | On 01 Sep 2016

Picking the Winner: Measuring Urban Sustainability in India

This study provides a snapshot of the sustainability of selected Indian cities by employing 57 indicators in four dimensions to develop an overall city sustainability index. In recent years, its comp...

by B.Sudhakara Reddy | On 29 Aug 2016

Urban Governance for Adaptation: Assessing Climate Change Resilience in Ten Asian Cities

This paper examines how to manage urban climate-related impacts by promoting planned and autonomous adaptation to improve climate change resilience. An analytical framework is developed by combining u...

by | On 29 Aug 2016

Climate Change Adaptation and Disaster Risk Reduction in the Education Sector

The ultimate goal of the resource manual is to ensure that all children may equitably exercise their educational and environmental rights in totality, as described in the Convention. The resource ma...

by United Nations Children's Fund UNICEF | On 29 Aug 2016

ABCD of MSME Credit

According to MSME Ministry’s Annual Report for 2015-16, MSME sector in India today is a network of 51 million enterprises providing employment to 117.1 million persons and contributing 37.5 per cent...

by S.S. Mundra | On 29 Aug 2016

‘Full’ Compensation Criteria in the Law of Torts: An Enquiry into the Doctrine of Causation

This paper studies the entire class of liability rules, and considers the bilateral care accidents. It is shown that the ‘causationconsistent’ liability provides a basis for an efficiency characteriz...

by Ram Singh | On 19 Aug 2016

Macroeconomic Determinants of Remittances in South Asian countries: A Dynamic Panel Study

The study attempts to identify the macroeconomic determinants of remittance inflows in South Asian countries. It uses additively separable utility function as theoretical framework and the Arellano-Bo...

by | On 16 Aug 2016

Revisiting RP's Hybrid Rice Program

The United Nations General Assembly declared 2004 the International Year of the Rice (IYR). The IYR is a venue to promote improved production and development of sustainable rice-based systems that wil...

by Philippine Institute for Development Studies | On 16 Aug 2016

The State of Food and Agriculture: Social Protection and Agriculture: Breaking the Cycle of Rural Poverty

This edition of The State of Food and Agriculture 2015 reviews the effectiveness of social protection interventions in reducing poverty, raising food consumption, relieving household food insecurity a...

by Food and Agricultural Organization [FAO] | On 16 Aug 2016

The Clinical and Public Health Challenges of Diabetes Prevention: A Search for Sustainable Solutions

The economic cost of dealing with the consequences of diabetes is not only a threat to health systems but is a far broader economic and social problem and thus a threat to future long-term sustainable...

by Nicholas J Wareham | On 16 Aug 2016

Level versus Variability Trade-Offs in Wind and Solar Generation Investments: The Case of California

Hourly plant-level wind and solar generation output and real-time price data for one year from the California ISO control area is used to estimate the vector of means and the contemporaneous covarianc...

by | On 12 Aug 2016

Market Integration and Price Transmission in Tajikistan’s Wheat Markets: Rising Like Rockets but Falling Like Feathers?

The extent of market integration and transmission of food price shocks is a major determinant of price stability and overall food security, particularly in developing countries. Few studies have exam...

by Jarilkasin Ilyasov | On 08 Aug 2016

Tobacco Regulation and Cost-Benefit Analysis: How Should we Value Foregone Consumer Surplus?

This paper outlines the history of the FDA’s recent attempts to regulate cigarettes and other tobacco products and how they have valued foregone consumer surplus in cost-benefit analyses. It discusses...

by Helen Levy | On 03 Aug 2016

Global Estimates 2015: People Displaced by Disasters

The time is opportune to ensure the causes and consequences of this urgent issue are better addressed. Policy makers are pushing for concerted progress across humanitarian and sustainable development...

by | On 01 Aug 2016

Informality in South Asia: A Review

Labour markets in South Asia have been characterized as dualistic, with a relatively small, well-protected formal sector and a large unprotected informal sector. Indeed, the formal workforce is very s...

by | On 29 Jul 2016

Fire-Sale Externalities

This paper characterizes the efficiency properties of competitive economies with financial constraints and fire sales. It shows that two distinct pecuniary externalities occur in such settings: distri...

by Eduardo Dávila | On 29 Jul 2016

Review of Agri-Food Value Chain Interventions Aimed at Enhancing Consumption of Nutritious Food by the Poor: Pakistan

How can agriculture play a more effective role in improving nutrition in countries with a high burden of hidden hunger and where an increasing proportion of the poor sources its food from the market?...

by | On 27 Jul 2016

Cost Channel, Interest Rate Pass-Through and Optimal Monetary Policy under Zero Lower Bound

This paper analyzes the optimal discretionary monetary policy under Zero Lower Bound (ZLB) for varying degree of interest rate pass-through. This paper finds that (i) exit date from ZLB becomes endoge...

by Siddhartha Chattopadhyay | On 13 Jul 2016

Women’s Economic Empowerment and Inclusive Growth: Labour Markets and Enterprise Development

This paper view to locating the growing concern with women’s economic empowerment within its growth research programmes. Inclusive growth, as defined by IDRC, is growth which ensures opportunities fo...

by Naila Kabeer | On 13 Jul 2016

Financial Sector Legislative Reforms Commission (FSLRC) and Financial Sector Regulation in India

This paper examines the changes in regulation in four G7 countries post the financial sector breakdown of 2008 and suggestions made by the Financial Stability Board with respect to e.g. capital adequa...

by Jaimini Bhagwati | On 07 Jul 2016

Climate Change Risks and Opportunities in Uttarakhand, India

The Climate Knowledge and Development Network supported a Vulnerability and Risk Assessment process in Uttarakhand to provide the Government of Uttarakhand with the evidence base to refine and priorit...

by Climate and Development Knowledge Network CDKN | On 30 Jun 2016

Opportunities to Enhance Non-Carbon Dioxide Greenhouse Gas Emission Mitigation in China

In recent years, China has developed and implemented a range of policies to address climate change, reduce greenhouse gas (GHG) emissions, and transition toward a low-carbon and climate-resilient s...

by Katherine Ross | On 30 Jun 2016

How Successful Are Banking Sector Reforms in Emerging Market Economies? Evidence from Impact of Monetary Policy on Levels and Structures of Firm Debt in India

In this paper investigates the success of banking reforms in India where significant banking reforms have been introduced since 1990s. Using the argument that well functioning credit markets would ref...

by Sumon Kumar Bhaumik | On 27 Jun 2016

Empathetic Climate Resilient Frugal Innovations for Sustainable Communities

This study is to scout, spawn and sustain grassroots green innovations and outstanding traditional knowledge. It studies the creative and innovative coping strategies of knowledge rich-economically po...

by Anil K Gupta | On 24 Jun 2016

Financial Sector Legislative Reforms Commission (FSLRC) and Financial Sector Regulation in India

The Financial Sector Reforms Commission (FSLRC) which was set up in 2011 by the Ministry of Finance was mandated to study existing legislation and financial sector regulatory practices in India and...

by Jaimini Bhagwati | On 22 Jun 2016

Farms, Families, and Markets: New Evidence on the Completeness of Markets in Agricultural Settings

The farm household model has played a central role in improving the understanding of small-scale agricultural households and non-farm enterprises. Under the assumptions that all current and future mar...

by Daniel LaFave | On 17 Jun 2016

Confiscation in Taiwan: The Laws and Ideas for Reform

This Occasional Paper shows the evolution of confiscation law in Taiwan. It reviews the current state of confiscation laws and policies in Taiwan and also proposes suggestions for reform of the conf...

by Helen Liu | On 08 Jun 2016

Contracting by Small Farmers in Commodities with Export Potential: Assessing Farm Profits of Lentil Growers in Nepal

This study is undertaken to quantify the benefits of contract farming (CF) on farmers’ income in a case where new market opportunities are emerging for smallholder farmers in Nepal. CF is...

by Anjani Kumar | On 07 Jun 2016

Global Action on Climate Change in Agriculture: Linkages to Food Security, Markets and Trade Policies in Developing Countries

The objective of this report is to catalyse thinking about the ways in which agriculture – which has a vital role in global food security, development and natural resources use – can and must be fully...

by Aziz Elbehri | On 06 Jun 2016

From ‘Look East’ to ‘Act East’ Policy: Continuing with an Obfuscated Vision for Northeast India

The paper deals with the above issues by analyzing the scenario in NEI, as to how the region with its present status fits into the LEP regime. In this regard, the contemporary ma...

by Gorky Chakraborty | On 06 Jun 2016

Honor and Stigma in Mechanisms for Environmental Protection

Honor and stigma play a role in environmental protection. Environmental honors are bestowed on people and firms who go out of their way to do right by the environment. Similarly, environmental stigm...

by Prasenjit Banerjee | On 03 Jun 2016

Height and Cognition at Work: Labor Market Productivity in a Low Income Setting

This paper evaluates the relative importance of these mechanisms that potentially underly the link between adult stature and labor market productivity. Drawing on twelve waves of longitudinal survey...

by Daniel LaFave | On 31 May 2016

Surveillance of Chronic Diseases: Challenges and Strategies for India

This paper describes the status, challenges and scope for strengthening surveillance of chronic disease risk factors, morbidities and mortality in India. Surveillance experience of four selected Stat...

by Udaya S. Mishra | On 30 May 2016

Impact of Social Risks on Indian Businesses

This report has tried identifying the various social risks associated with and caused by businesses and other players, that may have negative social impacts on the stakeholders associated with the fu...

by Oxfam India | On 27 May 2016

How Risky is a Random Process?

The riskiness of random processes is compared by (a) employing a decision-theoretic equivalence between processes and lotteries on path spaces to identify the riskiness of the former with that of the...

by Sudhir A. Shah | On 26 May 2016

Comparative Cost-efficacy of Hepatitis-B-Vaccination in Indian Infants

Universal Hepatitis B Vaccination of newborns in India is being launched at the recommendation of Indian Academy of Pediatrics, without estimating in any detail the morbidity and mortality due to sequ...

by Anant Phadke | On 26 May 2016

Effects of Ownership Structure on Capital Structure of Indian Listed Firms: Role of Business Groups vis-a-vis Stand-Alone Firms

The objective of this study was to explore the relationship between promoter ownership and capital structure of firms using a sample of Indian publicly listed firms for the period from 2006 to 2013, d...

by Indrani Chakraborty | On 23 May 2016

The Generalized Arrow-Pratt Coefficient

A vector-valued generalized Arrow-Pratt (GAP) coefficients is defined for a utility defined on a Hilbert outcome space. Given risk averse, increasing and twice differentiable utilities on such outc...

by Sudhir A. Shah | On 23 May 2016

Occupational Health and Safety and the Poorest

The decline of jobs with secure and lasting contracts and work-related social benefits as well as the corresponding rise in precarious and unprotected work are phenomena affecting both industrialized...

by Anna Marriot | On 18 May 2016

The Biological Diversity Act, 2002

An Act to provide for conservation of biological diversity, sustainable use of its components and fair and equitable sharing of the benefits arising out of the use of biological resources, knowledge a...

by Ministry of Law and Justice GOI | On 18 May 2016

The Global Risks Report 2016: 11th Edition

Now in its 11th edition, The Global Risks Report 2016 draws attention to ways that global risks could evolve and interact in the next decade. The year 2016 marks a forceful departure from past finding...

by [WEF] World Economic Forum | On 11 May 2016

High and Dry : Climate Change, Water, and the Economy

The impacts of climate change will be channeled primarily through the water cycle, with consequences that could be large and uneven across the globe. Water-related climate risks cascade through food,...

by World Bank [WB] | On 11 May 2016

India Policy Forum 2014 - 2015

The episode of volatility starting on May 22, 2013, when Federal Reserve Chairman Ben Bernanke first spoke of the possibility of the US central bank “tapering” its security purchases, had a sharp nega...

by Shekhar Shah | On 09 May 2016

Quality Control in Non-Staple Food Markets: Evidence from India

Using original data collected about growers, traders, processors, markets, and village communities, the situation in four states – Tamil Nadu, Uttar Pradesh, Maharashtra, and Orissa is compared. The w...

by Marcel Fafchamps | On 06 May 2016

Margin Requirements for Non-Centrally Cleared Derivatives

Derivatives are an integral risk management tool for business entities and financial institutions. However, derivatives markets can also lead to excessive and opaque risk taking which may result in sy...

by Reserve Bank of India RBI | On 03 May 2016

Foreign Exchange Markets, Intervention and Exchange Rate Regimes

The paper describes the institutional features of these markets, with special emphasis on the process of liberalization and deepening in Indian FX markets, in the context of global integration. Since...

by Ashima Goyal | On 02 May 2016

Inclusive Migration in India: A Study on Domestic Migration and Issues in Electoral Participation

The study compiled information from academic papers, government and non-government reports on the subject of domestic migration, with a specific emphasis on their political inclusion. In order to cond...

by | On 05 Apr 2016

Rules of the Monetary Game

Aggressive monetary policy actions by one country can lead to significant adverse cross-border spillovers on others, especially as countries contend with the zero lower bound. If countries do not inte...

by Prachi Mishra | On 31 Mar 2016

Hong Kong Budget Speech 2016

Speech by the Financial Secretary.

by Hon John C Tsang | On 28 Mar 2016

India-Bangladesh Relations: Moving towards Friendship

India-Bangladesh relations are advancing rapidly in recent times. There are of course some impediments such as non-tariff barriers (NTBs) in trade, and the Teesta water-sharing dispute that need to be...

by Chandrani Sarma | On 21 Mar 2016

Rural Diversification: What Hope for the Poor?

This short paper considers the poverty impacts of livelihood diversification and the potential challenges of creating a pro-poor rural non-farm economy (RNFE). Rural diversification can be defined as...

by Daniel Start | On 20 Mar 2016

Reforming the Financing System for the Road Sector in the People's Republic of China

This report recommends the creation of a National Roads and Funding Administration and a central road trust fund with dedicated revenues; changes to roles and responsibilities of different levels of g...

by Asian Development Bank Institute | On 17 Mar 2016

Integrating SMEs into Global Value Chains Challenges and Policy Actions in Asia

The opportunities for SMEs in global value chains are enormous. Participation in value chains exposes them to a large customer/buyer base, as well as opportunities to learn from large firms and from e...

by Asian Development Bank Institute | On 17 Mar 2016

Implementation of the ASEAN +3 Multi - Currency Bond Issuance Framework

ABMI aims to develop efficient and liquid bond markets in Asia, which would enable better utilization of Asian savings for Asian investments. ABMI can also contribute to the mitigation of currency and...

by Asian Development Bank Institute | On 15 Mar 2016

Disaster Risk Management in Asia and the Pacific

The study considers key trends, in terms of disaster incidence, sources of vulnerability, and social and economic impacts. This is followed by discussions of some of the major issues: compound disaste...

by Asian Development Bank Institute | On 15 Mar 2016

Women at Work Trends 2016

Over the last two decades, women’s significant progress in educational achievements has not translated into a comparable improvement in their position at work. In many regions in the world, in compari...

by International Labour Organization [ILO] | On 15 Mar 2016

Porous Borders The Study of Illegal Markets from a Sociological Perspective

State concerns about crime and security issues have strongly affected conceptions of economic action outside the law, a traditional field of research in sociology. This increasing encroachment by poli...

by Matías Dewey | On 14 Mar 2016

Illegal Markets Boundaries and Interfaces between Legality and Illegality

In sociology generally, the infringement of legal norms is not treated as a special kind of norm violation, the sociology of law being an obvious exception. The study of illegal markets therefore face...

by Renate Mayntz | On 14 Mar 2016

Global Spillovers and Monetary Policy Transmission in India

Do global spillovers clog transmission channels of monetary policy through domestic financial markets? Drawing on stylised facts and using a dynamic factor model to develop an indicator of global spil...

by Michael Debabrata Patra | On 14 Mar 2016

India in the Global Economy

The global economy is finding it hard to restore pre-Great Recession growth rates – every report of the IMF seemingly downgrades its previous growth forecasts. Why has the recovery been so slow? When ...

by Raghuram G. Rajan | On 14 Mar 2016

Towards Rules of the Monetary Game

There are few areas of robust growth around the world, with the IMF repeatedly reducing its growth forecasts in recent quarters. This period of slow growth is particularly dangerous because both ind...

by Raghuram G. Rajan | On 14 Mar 2016

The Value of Improved Public Services: An Application of the Choice Experiment Method to Estimate the Value of Improved Wastewater Treatment Infrastructure in India

In this paper we employ a stated preference environmental valuation technique, namely the choice experiment method, to estimate local public?s willingness to pay (WTP) for improvements in the capacity...

by Ekin Birol | On 13 Mar 2016

Basel I and Basel II Compliance: Issues for Banks in India

Random effects panel data analysis is applied to identify financial parameters that influence banks in India in complying with Basel I. The private sector and foreign banks are affected by credit risk...

by Sreejata Banerjee | On 13 Mar 2016

The Limits of Russia's "Pivot to Asia"

Forging closer economic and strategic ties with East Asia constitutes a rebalancing act in Moscow’s attempts to diversify its markets and counter its increased isolation in the wake of the Ukraine cri...

by | On 11 Mar 2016

Health Shocks and Coping Strategies: State Health Insurance Scheme of Andhra Pradesh, India

The objectives of the study are three-fold: to investigate who are vulnerable to welfare loss from health shocks, what are the household responses to cope with the economic burden of health shocks and...

by Sowmya Dhanaraj | On 11 Mar 2016

Effect of Macroeconomic News Releases on Bond Yields in India China and Japan

This paper studies the effect of domestic macroeconomic news releases on the change in the bond yields of India, China and Japan. We apply event study method to observe whether the large set of new in...

by Sreejata Banerjee | On 10 Mar 2016

Related Party Transactions and Stock Price Crash Risk: Evidence from India

Related Party Transactions disclosures in Annual Reports have recently gained more attention of the Indian policymakers. This paper aims at finding out the effect of related party transactions disclos...

by Subhra Choudhury | On 10 Mar 2016

In Search of a Better Match: Qualification Mismatches in Developing Asia

This paper empirically tests the role of search frictions in driving qualification mismatches in the labor market. Using new data from several low-income economies in urban Asia we find that overeduca...

by Kenn Chua | On 10 Mar 2016

Skills and Politics: General and Specific

Skills and skill formation have become central topics in contemporary political economy. This essay traces a key concept in current debates – the distinction between general and specific skills – back...

by | On 09 Mar 2016

In the Shadow: Illegal Markets and Economic Sociology

Illegal markets differ from legal markets in many respects. Although illegal markets have economic significance and are of theoretical importance, they have been largely ignored by economic sociology....

by | On 09 Mar 2016

Information Frictions and Adverse Selection: Policy Interventions in Health Insurance Markets

This paper develops and implements a general framework to study insurance market equilibrium and evaluate policy interventions in the presence of choice frictions. Friction-reducing policies can incre...

by Benjamin R. Handel | On 09 Mar 2016

Stagnation Traps

The provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by unemployment and weak growth. We refer to these episodes...

by Gianluca Benigno | On 09 Mar 2016

The Evolution of Gender Gaps in Industrialized Countries

Women in developed economies have made major inroads in labor markets throughout the past century, but remaining gender differences in pay and employment seem remarkably persistent. This paper documen...

by Claudia Olivetti | On 09 Mar 2016

Who Cares about Financialization? Explaining the Decline in Political Salience of Active Markets for Corporate Control

Why is unprecedented financialization failing to provoke a strong political backlash? The role of financial markets, motives, actors, and institutions has expanded continuously in recent decades, but...

by | On 08 Mar 2016

Is There a Closure Penalty? Cohesive Network Structures, Diversity, and Gender Inequalities in Career Advancement

That social capital matters is an established fact in the social sciences. How different forms of social capital affect gender disadvantages in career advancement is less clear, however. Qualitative r...

by | On 08 Mar 2016

‘Land Grabbing’: The Global Search For Food Security In Southeast Asia

By the end of the last decade, the total area of farmland globally that was acquired by government-backed foreign investors amounted to nearly half the size of Europe. In addition to Latin America, Af...

by S. Rajaratnam International Studies | On 05 Mar 2016

Enhancing Early Warning Systems for Disaster Management

A recent report by the United Nations International Strategy for Disaster Reduction (UNISDR) noted that Indonesia faces the highest risk from tsunamis worldwide. The evaluation was based on the number...

by S. Rajaratnam International Studies | On 02 Mar 2016

Enhancing GCC¬ASEAN Relations via Non- ¬traditional Security

The past decade has seen economic links between the Gulf Arab region and Southeast Asia increase considerably – from just USD20 billion in 2002 to about USD100 billion in 2010. Notable factors driving...

by S. Rajaratnam International Studies | On 01 Mar 2016

Liberalization, Globalization And The Dynamics Of Democracy In India

In the closing decades of the twentieth century there has been an almost complete intellectual triumph of the twin principles of marketization (understood here as referring to the liberalization of do...

by D M NACHANE | On 01 Mar 2016

Challenges and Developments in the Financial Systems of the Southeast Asian Economies

This paper discusses the economies and financial systems of Southeast Asia (SEA) and focuses on challenges and developments in the region. Despite the diversity of SEA economies and some important exc...

by Toshiyuki Shimada | On 29 Feb 2016

Keeping Land Local: Reclaiming Governance from the Market

Land struggles in countries like Cambodia, Myanmar, Philippines

by Focus on the Global South FGS | On 29 Feb 2016

Analysis of Catastrophic Health Financing by Key Institutions

Financial protection of patients is considered a key component of health systems, and has been a consistent policy goal of the DOH. Of paramount importance in this regard are catastrophic health expen...

by | On 29 Feb 2016

Highlights of the Draft Budget of Japan for FY2016

Highlights of the budget of Japan for the year 2016.

by Ministry of Finance, Japan MOF, Japan | On 29 Feb 2016

10th CII Corporate Governance Summit

The role of media in corporate governance, role of board of directors, stakeholders' response to news media coverage of corporate governance and the challenges of managing information risk in the digi...

by U.K. Sinha | On 28 Feb 2016

Perspectives for Climate Diplomacy in Southeast Asia

Southeast Asia is a region highly vulnerable to near and long-term climatic changes. In order to jointly address emerging climate risks and to complement multilateral negotiations through enhanced reg...

by S. Rajaratnam International Studies | On 27 Feb 2016

Basel Banking Norms – A Primer

This paper aims to first build a deeper understanding of the emergence of Basel banking norms (Basel I), and the transition to each of the subsequent regulations (Basel II and Basel III). The primary...

by Akshay Uday Shenoy | On 27 Feb 2016

Financing of Urban Local Bodies in India

The rising level of urbanisation in India draws attention to inadequate infrastructure levels in urban areas. While many factors play a role in infrastructure development, this paper examines the fina...

by Charan Singh | On 27 Feb 2016

Retesting the estimation of a utility-based asset pricing model using normal mixture GARCH (1, 1)

The main purpose of this paper is to derive the process of estimating dynamic RRA with the maximum likelihood and a Bayesian method having a weakly informative prior density while assuming that the lo...

by Rohit Gupta | On 27 Feb 2016

Understanding the Response of Indian Banks to Macroeconomic Shocks: A Strategy Perspective

The vulnerability of banks to macroeconomic and financial shocks is an area of growing interest to policymakers, especially in emerging markets. Strong adverse aggregate shocks contribute heavily to l...

by Rohit Gupta | On 27 Feb 2016

Building a Regional Disaster Response Mechanism for a Secure ASEAN Community

A series of recent humanitarian crises in Southeast Asia have signalled a new impetus to re- think the nature of security cooperation in the region. The outbreak of pandemics, the devastating impact o...

by Melly Caballero-Anthony | On 26 Feb 2016

Recalibrating the ASEAN Security Community

Against the recent conflicts and crises facing the region, the spotlight is once again directed at ASEAN’s plans for an ASEAN Security Community (ASC). What is significant in this slew of crises that...

by Mely Caballero-Anthony | On 26 Feb 2016

Climate Change and the Muslim World: The OIC Can do with ‘Captain Planet’

WHILE the media incessantly highlights the Muslim world’s battle with Islamophobia and the political crises in Iraq, Gaza and Iran, another set of issues that is just as pertinent — but often overlook...

by Sofiah Jamil | On 26 Feb 2016

Workshop Report on “Energy and Non-Traditional Security”

From the Subregional Workshop on Energy Security and Non-Traditional Security Singapore 27 – 29 August 2008, Grand Copthorne Waterfront Hotel. The workshop on Energy and Non-Traditional Security (NTS)...

by | On 26 Feb 2016

Social Innovation: A Guide to Achieving Corporate and Societal Value

As a central effort in the Global Challenge Initiative on Economic Growth and Social Inclusion, this is a “how to guide” for companies to create social and business value. Drawn from a series of works...

by World Economic Forum [WEF] | On 26 Feb 2016

Towards Comprehensive Economic Co-operation between India and Central Asian Republics

Despite some recovery in recent years, Central Asian Republics (CARs) remain in difficult economic situation and they present a serious challenge to Asia. It is in the mutual interest of both CARs and...

by Ramgopal Agarwala | On 24 Feb 2016

Migrant Workers and the Right to Labour

There has been some public discussion on the issue of labour migrants and its supposed impact on the productivity of the national labour force. How true is this? Or is this simply another episode in t...

by | On 24 Feb 2016

Inadequate N Application of Rice Farmers in the Philippines Problems, Causes, Solutions

Inadequate application of nitrogen (N) fertilizer has been identified by the Food Staples Sufficiency Program (FSSP) as a major constraint in achieving rice self-sufficiency. The available literature...

by Roehlano M. Briones | On 24 Feb 2016

Conference Report on “Strengthening Health and Non-health Response Systems in Asia: A Sustained Approach for Responding to Global Infectious Disease Crises”

Regardless of how strong a country’s national health system is, it is only as good as its neighbours’. National borders are not able to withstand the threat posed by pandemics and infectious diseases....

by S. Rajaratnam International Studies | On 23 Feb 2016

Financial Institutions and Structures for Growth in East Asia

The paper examines the changing size, shape and range of financial markets in the region indicates the extent to which regional markets have become more efficient and have improved in quality since th...

by Jenny Corbett | On 23 Feb 2016

Policy Reforms and Institutional Weaknesses: Closing the Gap

The World Bank (2005) reported that from 1985 to 2003, per capita gross domestic product increased only by about 0.7% per year, well below the 3.7% average of neighboring countries (Indonesia, Malaysi...

by Eduardo Gonzalez | On 23 Feb 2016

Dissecting the China Puzzle: Asymmetric Liberalization and Cost Distortion

In this paper we attempt to explain the China Puzzle: coexistence of accelerating economic growth and worsening growth outlook. The root cause lies in China’s unique liberalization approach, i.e., the...

by Huang Yiping | On 22 Feb 2016

Agriculture and Food Security in Asia by 2030

Rapid trade-led economic growth in emerging Asia has been shifting the global economic and industrial centres of gravity away from the north Atlantic, raising the importance of Asia in world trade but...

by Kym Anderson | On 22 Feb 2016

Asymmetry In Government Bond Returns

Is there asymmetry in the distribution of government bond returns in developed countries? Can asymmetries be predicted using financial and macroeconomic variables? To answer the first question, we pro...

by Ippei Fuijwara | On 21 Feb 2016

Deepening Association of Southeast Asian Nations’ Financial Markets

This paper discusses the financial landscape of the Association of Southeast Asian Nations (ASEAN), a region engaged in building an economic community (a “single market and production base”) by 2015....

by Choong Lee | On 21 Feb 2016

Impact of Changes in the Global Financial Regulatory Landscape on Asian Emerging Markets

This paper discusses the relevance of Basel III to Asian emerging markets. It reviews some of the proposed regulations of Basel III in order to evaluate their likely implications for, and their abilit...

by Tarisa Watanagase | On 21 Feb 2016

A Position Paper on World Rice Futures

There is a widespread belief that rice futures are not necessary for the Asian rice markets because these markets are not “broken.” In any case, it is not clear to many why a rice farmer would benefit...

by | On 20 Feb 2016

Would a Southeast Asian Rice Futures Market Be Feasible, and What of Food Security?

In 2010, it was proposed that Singapore consider hosting an international rice futures market, with cited benefits being enhanced price discovery and price stabilisation. The RSIS Centre for Non-Tradi...

by Sally Trethewie | On 20 Feb 2016

Report on “Policy Roundtable on Asian Non-Traditional Security”

This report presents the proceedings of a Policy Roundtable on Asian Non-Traditional Security held in Beijing on 30-31 July 2012. Attended by academics and policymakers from across the region, the Rou...

by S. Rajaratnam International Studies | On 19 Feb 2016

China’s Sovereign Investment Funds In International Perspective: The Exceptionalism Of Cic And Safe

China is the only country in the world with two sovereign investment vehicles dedicated to managing excess foreign reserves for return, not just safety and liquidity. As the investment profile and beh...

by Angela Cummine | On 19 Feb 2016

Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options

This article provides a quantitative analysis of the effects of Pakistan government domestic wheat procurement, sales, and trade policies on wheat supply, demand, prices, and overall inflation. Analys...

by Paul Dorosh | On 18 Feb 2016

Adaptation to Climate Change in India: A Study of Union Budgets

The present study reviews the framework on adaptation in India and provides an estimation of the public resources devoted to this sector.

by Kaushik Ganguly | On 18 Feb 2016

Disaster Risk Governance: Strengthening Collaboration with Non-State Actors

The increasing use of disaster risk governance today suggests that there is a deeper problem with how disasters are being managed. It does not mean governments have been ineffective. But they do have...

by | On 17 Feb 2016

Climate Change Impacts and Mitigation in the Developing World

This paper conducts an integrated assessment of climate change impacts and climate mitigation on agricultural commodity markets and food availability in low- and middle-income countries. The analysis...

by Petr Havlík | On 17 Feb 2016

Entrepreneurship in Pakistan

In Pakistan innovation and risk taking is severely inhibited by the intrusive role of government in the marketplace. From the early days of planning when protection and subsidy policies determined win...

by Nadeem Ul Haque | On 16 Feb 2016

National Finance Commission Awards in Pakistan: A Historical Perspective

This study explores the evolution of fiscal resource distribution in Pakistan. Pakistan is a federation comprising four provinces, federally administered areas, and the Islamabad Capital Territory. Be...

by Iftikhar Ahmed | On 16 Feb 2016

Financial Globalization in Emerging Countries: Diversification vs. Offshoring

Financial globalization has gathered attention since the early 1990s because of its macrofinancial and crisis implications and its perceived large expansion. But financial globalization has taken diff...

by Francisco Ceballos | On 16 Feb 2016

Supply Chains and Credit-Market Shocks: Some Implications for Emerging Markets

Driven by the increasingly important role of supply chains in global production, this paper studies empirical association between global credit-market shocks and firm behavior towards liquidity needs...

by Yothin Jinjarak | On 16 Feb 2016

Global Implications of the Renminbi’s Ascendance

This paper evaluates the prospects for the renminbi’s role as an international currency and the implications for global financial markets. Although the People’s Republic of China (PRC) does not have e...

by Eswar Prasad | On 16 Feb 2016

Hometown Investment Trust Funds: An Analysis of Credit Risk

In Asia, small and medium-sized enterprises (SMEs) account for a major share of employment and dominate the economy. Asian economies are often characterized as having bank-dominated financial systems...

by Naoyuki Yoshino | On 16 Feb 2016

Basel II and Bangladesh: The Challenges Ahead

Basel II consists of three pillars such as Pillar I, II and III. Implementation of this New Accord is a challenge for many developing countries including Bangladesh. This study has made an attempt to...

by Md. Kabir Ahmed | On 15 Feb 2016

Recent Experiences in the Foreign Exchange and Money Markets

This paper attempts to analyze the underlying causes and impact of the recent developments in the foreign exchange and money markets.

by Md. Habibur Rahman | On 15 Feb 2016

Blood and Hope in Afghanistan : A June 2015 Update

As the United States tries to wind down its military participation in Afghanistan’s counterinsurgency after more than a decade of struggles against Al Qaeda and the Taliban, Afghanistan’s future remai...

by Vanda Felbab-Brown | On 14 Feb 2016

Integrating Disaster Risk Reduction and Climate Change Adaptation into Ecosystem Management of Coastal and Marine Areas in South Asia

The Toolkit o#ers a step-by-step guide for integrating Disaster Risk Reduction and Climate Change Adaptation into the coastal and marine ecosystem management that will be quite useful for the "eld pra...

by Sriyanie Miththapala | On 14 Feb 2016

Test of Multi-moment Capital Asset Pricing Model: Evidence from Karachi Stock Exchange

This study examines the Capital Asset Pricing Model of Sharpe (1964) Lintner (1965) and Black (1972) as the benchmark model in the asset pricing theory. The empirical findings indicate that the Sharpe...

by Attiya Y. Javid | On 14 Feb 2016

Strengthening Corporate Governance to Combat Corruption

The collapse of global financial markets in September 2008 has ignited a debate on what caused their quick undoing. As captured in the comments of the OECD Secretary-General, there is a growing sentim...

by Transparency International TI | On 13 Feb 2016

Corruption and Public Procurement

Public procurement impacts people’s lives and accounts for a big share government budgets. The large monetary transactions involved make the risk of abuse high and the need for anti-corruption safegua...

by Transparency International TI | On 12 Feb 2016

The Global Competitiveness Report 2013–2014

The Global Competitiveness Report 2013-2014 features a record number of 148 economies, and thus continues to be the most comprehensive assessment of its kind. It contains a detailed profile for each o...

by | On 11 Feb 2016

Global Risks 2014

The Global Risks 2014 report highlights how global risks are not only interconnected but also have systemic impacts. Based on a survey of the World Economic Forum’s multistakeholder communities, the r...

by World Economic Forum [WEF] | On 11 Feb 2016

Intelligent Assets: Unlocking the Circular Economy Potential

The impending digital transformation of the Fourth Industrial Revolution holds the potential to redefine the very basis of our materials-reliant industrial economy. Enabled by the internet of things,...

by World Economic Forum [WEF] | On 11 Feb 2016

Urbanization and Cardiovascular Risk: Moving Forward from Framingham

How relevant are the risk score calculators based on the Framingham study for India? There are certain limitations for the use of this model in India. The relationship of risk factors to cardiac event...

by Anand Zachariah | On 09 Feb 2016

Planning Communication for Agricultural Disaster Risk Management: a Field Guide

Reducing risk and increasing resilience to natural disasters and climate change requires access to knowledge, information and the active participation of vulnerable population. Planning Communication...

by Food and Agricultural Organization [FAO] | On 08 Feb 2016

Progress of the World's Women 2000

Launched in June of 2000, "Progress of the World's Women" is UNIFEM's biennial investigation of progress made towards a world where women live free from violence, poverty and inequality. The first iss...

by UN Women | On 08 Feb 2016

Fiscal Federalism in Pakistan: The 7th National Finance Commission Award and Its Implications

Pakistan is a federal country. Distribution of resources has a profound impact on income, development, backwardness, and poverty. The paper briefly discusses the federation, its needs and importance i...

by Usman Mustafa | On 06 Feb 2016

Transparency in Corporate Reporting: Assessing Emerging Market Multinationals

Transparency International conducted research into the public reporting practices of 100 emerging markets companies comprising a list of Global Challengers 2011. Based on the methodology of previous T...

by Transparency International TI | On 05 Feb 2016

The New Role of the World Bank

The World Bank was founded to correct failures in international capital markets. That role has shifted over the past 70 years. Modern analyses should proceed from the premise that the Bank’s central g...

by Michael Clemens | On 03 Feb 2016

What Determines Payment Methods and Deal Amount in Corporate Merger and Acquisitions in Pakistan

The present study examines the determinants of payment mode choice and deal amounts in financial and nonfinancial sectors mergers and acquisitions (M&A) in Pakistan, undertaken during period 2005–2012...

by Yasmeen Akhtar | On 03 Feb 2016

Liquidity Benefits from Underpricing: Evidence from Initial Public Offerings Listed at Karachi Stock Exchange

This study explains the underpricing phenomenon through the relationship of underpricing (initial returns), ownership structure and aftermarket liquidity empirically by using cross-sectional data of 5...

by Malik Muhammad Shehr Yar | On 03 Feb 2016

Food Security Post-2015: What Countries Need to Do So That Regional Collaboration Can Be Effective

Attempts to explain why ending hunger has been so hard, so here the focus is on four main themes: the complex role of markets, the importance of government policies, the historical process of structur...

by C. Peter Timmer | On 03 Feb 2016

Employment Strategy and Equitable Growth: A Social Capital Perspective for KPK

Although labour force participation in Pakistan has improved from 50.33 percent in 2006-07 to 57.24 percent in 2010-111 as well as employment has increased from 47.65 million to 53.84 million, however...

by Syed Akther Shah | On 02 Feb 2016

Biopiracy: The Patenting of Basmati by Ricetec

The paper discusses the North-South context for biopiracy, explains the process by which RiceTec acquired its patent, ascertains why it amounted to biopiracy and examines its implications for southern...

by Uzma Jamil | On 02 Feb 2016

Management of Strategic Crises and the Structure of the International System

The structure of the international system affects the manner in which its sub-units manage international crises, due to its influence on the tools and outcomes of crisis management. Conversely, the ma...

by | On 02 Feb 2016

Social Insurance with Competitive Insurance Markets and Risk Misperception

This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when private insurance markets offer full coverage at fair rates, social insurance is...

by | On 02 Feb 2016

Rural Transport, Safety and Security

By 2020, road accidents are expected to be the third highest cause of death and disability globally. Transport safety concerns in poor countries have focused mainly on roads and motorised traffic, but...

by International Forum for Rural Transport and Develo IFRTD | On 01 Feb 2016

People, Policy, and Partnership for Disaster Resilient Development

The National Alliance of Disaster Risk Reduction (NADRR) was launched at a two-day workshop held in New Delhi on November 3rd and 4th, 2007. The workshop brought together over 150 participants represe...

by National Alliance for Disaster Risk Reduction NADRR | On 01 Feb 2016

Voices from the South: The Impact of the Financial Crisis on Developing Countries

This report presents snapshots of the financial crisis as seen by 21 thinkers, academics and policymakers in 14 developing countries. IDS invited them to present their views on the likely impacts and...

by Neil McCulloch | On 01 Feb 2016

Financial Reforms - Past and Present

Industrial countries are still struggling, with a few exceptions, to grow. Our fellow BRICS all have deep problems, with confidence about China waxing and waning. India appears to be better in this l...

by Raghuram G. Rajan | On 01 Feb 2016

World’s Youth 2013: Data Sheet

Girls and boys in developing countries are enrolling in secondary school in greater numbers than ever before, giving them knowledge and skills for healthy, productive lives. While this is good news, m...

by | On 01 Feb 2016

Off-shoring, Insecurity and the Protectionist Threat

The financial crash of 2008 threatens economic insecurity in industrialized countries to an extent not experienced since the Great Depression. But as discussed in the World Economic and Social Survey...

by United Nations Department of Economic and Social Affairs | On 31 Jan 2016

Can a Protracted Slowdown be Avoided?

The world economy is teetering on the brink of another major downturn. As in 2008, economic woes in the major developed economies are weakening economic prospects around the world. Th ere are multiple...

by United Nations Department of Economic and Social Affairs | On 31 Jan 2016

Global Liquidity for Global Development

Official development assistance declined in real terms in 2011 as a result, in part, of fiscal austerity in many donor countries. Traditional forms of funding have fallen well short of needs to financ...

by United Nations Department of Economic and Social Affairs | On 31 Jan 2016

Building Resilience for Adaptation to Climate Change in the Agriculture Sector

This report is the result of the joint workshop on Building resilience for adaptation to climate change in the agriculture sector was organized by FAO and OECD. One of the conclusions of that 2010 Wor...

by Alexandre Meybeck | On 31 Jan 2016

Food Reserves in Developing Countries: Trade Policy Options for Improved Food Security

Agricultural prices, along with the prices of primary commodities in general, have been both high and volatile over 2006-11. These developments impact the poor and other vulnerable non-farm households...

by | On 30 Jan 2016

Revision of India-Nepal Treaty of Trade and Its Implications for Strengthening Bilateral Trade and Investment Linkages

The paper highlights the trend in bilateral trade between the two countries. It notes that barring setbacks in certain years, the bilateral trade between the two countries has been growing briskly. It...

by Indra Nath Mukherji | On 30 Jan 2016

Inadequate N Application of Rice Farmers in the Philippines: Problems, Causes, Solutions

Inadequate application of nitrogen (N) fertilizer has been identified by the Food Staples Sufficiency Program as a major constraint in achieving rice self-sufficiency. The available literature on fert...

by | On 29 Jan 2016

The Costs of Adaptation in Punakha, Bhutan: Loss And Damage Associated With Changing Monsoon Patterns

People in the Himalayan region are confronted with changes due to global warming. Glaciers are melting, leading to changing river flows and an increased risk of floods (Richardson and Reynolds, 2000;...

by Norbu Wangdi | On 28 Jan 2016

Economic Growth, Labour Markets and Gender in Japan

The purpose of this paper is not to look at the Japanese growth model, which has been well researched, but to look at women’s employment in the economic development of Japan. The questions that the pa...

by Uma Rani | On 28 Jan 2016

Economic Rationale, Subsidy and Cost Sharing for Watershed Projects: Imperatives for Institutions and Market Development

This paper seeks to examine the experiences with respect to subsidies and cost-sharing in the light of the various watershed programmes supported by the state as well as donor agencies and other non-g...

by Amita Shah | On 28 Jan 2016

Microinsurance Decisions: Gendered Evidence from Rural Bangladesh

This paper draws from a field research experiment to examine the gendered aspects of willingness to pay for index-based insurance in Bangladesh. Participants were presented with risky lotteries and...

by Daniel J. Clarke | On 28 Jan 2016

Promoting Agricultural Growth in Myanmar: A Review of Policies and an Assessment of Knowledge Gaps

This paper reviews the agricultural policy environment in Myanmar up until 2014 with an eye towards identifying policies that can help to accelerate productivity and profitability in the agricultural...

by Ulrike Nischan | On 28 Jan 2016

The 2014 US Farm Bill and its Effects on the World Market for Cotton

Under the 2014 US Farm Bill, US cotton producers will receive significant subsidies which will have trade-distorting effects irrespective of future cotton prices. At a futures market cotton price of U...

by | On 27 Jan 2016

Agriculture and Food Security: New Challenges and Options for International Policy

New challenges are facing the global food and agriculture trading system in the 21st century. The present paper identifies options for how policies and international trade rules can respond to this ne...

by | On 27 Jan 2016

Multinationals and Foreign Investment Policies in a Digital World

The purpose of this paper is to discuss the future of the multinational enterprise (MNE) and implications for the international investment regime. The paper begins by summarising current thinking on m...

by | On 27 Jan 2016

Improving The Availability Of Trade Finance In Developing Countries: An Assessment Of Remaining Gaps

While conditions in trade finance markets returned to normality in the main routes of trade, the structural difficulties of poor countries in accessing trade finance have not disappeared – and might h...

by Marc Auboin | On 26 Jan 2016

India-Korea CEPA: An Appraisal of Progress

The Comprehensive Economic Partnership Agreement (CEPA) between India and the Republic of Korea is the first such free trade agreement signed by India with an OECD country. It was signed in August 200...

by | On 25 Jan 2016

Ageing in Emerging Markets

This report describes the outcomes of a 2015 symposium on Ageing in Emerging Markets convened by the Emerging Markets Symposium at Green Templeton College, Oxford. It focusses on the causes and conseq...

by | On 25 Jan 2016

The Future of Electricity in Fast-Growing Economies

Electricity markets in fast-growing economies face different challenges than those in more mature markets. Mature markets with stable demand for electricity are transitioning to a more sustainable mix...

by World Economic Forum [WEF] | On 25 Jan 2016

External Shocks

After the global financial crisis, India was exposed to many external shocks from commodity prices and foreign capital flows. Although capital flow fluctuations were largely due to global risk-on risk...

by Ashima Goyal | On 24 Jan 2016

Climate and Development Outlook

This publication summarises CDKN’s partnership work with Bangladesh to date, highlighting key achievements and signposting further information. We are involved at many levels, by investing in policy-r...

by Climate and Development Outlook CDO | On 23 Jan 2016

Prospects and Challenges of Bond Market Development in Bangladesh

The thin bond market in Bangladesh faces manifold challenges emanating from several sources including excessive reliance on bank credit, government debt instruments dominated by primary auction based...

by Md. Akhtaruzzaman | On 23 Jan 2016

The SLR as a Monetary Policy Instrument in Bangladesh

The statutory liquidity requirement (SLR), as a monetary policy instrument, has experienced infrequent changes in Bangladesh. Past evidence shows that reduction in SLR produced positive impact on bank...

by Sayera Younus | On 23 Jan 2016

New Trade Links: A Step towards Asian Economic Integration?

This paper states that the sheaf of trade- and investment-agreements that India and Bangladesh have now signed will open up opportunities for New Delhi to look at, and beyond, its near-East neighbour...

by | On 23 Jan 2016

Loss & Damage Associated with Climate Change: The Legal and Institutional Context in Bangladesh

The study concludes that existing legal and policy frameworks provide a limited scope to assess and address both the current and potential future risk of loss and damage associated with the adverse im...

by Abdullah Faruque | On 23 Jan 2016

Monetary Policy Stance and Recent Movements in Monetary Aggregates: Policy Implications

This note examines recent movements in net domestic asset (NDA) and net foreign asset (NFA) of BB vis-à-vis the proposed monetary program for FY09 and brings out possible policy implications and manag...

by Bangladesh Bank | On 23 Jan 2016

Building Mutual Understanding for Effective Development

In recent years a number of countries, referred to collectively as the rising powers, have achieved rapid economic growth and increased political influence. In many cases their experience challenges r...

by Institute of Development Studies IDS | On 23 Jan 2016

Financial Crises and Poverty in Emerging Market Economies

This study examines the impact of the principal financial crises in emerging markets in recent years on the incidence of poverty in the countries in question. The growth impact is first identified by...

by | On 22 Jan 2016

The Impact of Digital Content: Opportunities and Risks of Creating and Sharing Information Online

The Global Agenda Council on Social Media white paper to be launched at the Forum's Annual Meeting 2016, The Impact of Digital Content: Opportunities and Risks of Creating and Sharing Information Onli...

by World Economic Forum [WEF] | On 22 Jan 2016

The Trans-Pacific Partnership: Implications for India

The Trans-Pacific Partnership (TPP) agreement was signed on 5 October 2015 by the US and 11 countries in the Asia- Pacific. The writers of the TPP expect the agreement to result in the dynamic evoluti...

by Geethanjali Nataraj | On 21 Jan 2016

Climate Change and Cities

This paper is a study of climate change discourse in urban India. It suggests that the policies being articulated to deal with climate issues are premised on incremental changes rather than radical re...

by Abhiroop Mukhopadhyay | On 21 Jan 2016

Synthetic Biology in India: Issues in Risk, Power and Governance

In this discussion paper, the status of synthetic biology in India and debates in India on synthetic biology are discussed and the discourses on synthetic biology in India are also analysed. The paper...

by Krishna Ravi Srinivas | On 21 Jan 2016

Twelfth Plan Working Group on Disadvantaged Farmers, Including Women

This working group on Disadvantaged Farmers, including women is one of the key working groups for defining agricultural policy in the Twelfth Five Year Plan. Eighty-three percent of India’s farmers cu...

by Bina Agarwal | On 19 Jan 2016

Openness and Technological Innovation in East Asia: Have They Increased the Demand for Skills?

This paper asks whether the increased openness and technological innovation in East Asia have contributed to an increased demand for skills in the region. We explore a unique firm level data set acros...

by Rita Almeida | On 19 Jan 2016

Group Violence, Ethnic Diversity, and Citizen Participation: Evidence from Indonesia

This paper addresses the impact of violent conflict on social capital, as measured by citizen participation in community groups defined for four activity types: governance, social service, infrastruct...

by | On 18 Jan 2016

Implementation of Basel III Liquidity Risk Framework in India – Regulatory Perspective

The liquidity framework of Basel III assumes added significance for banks in India and many banks have been approaching us to comprehend the finer points of the liquidity regulations, as also with req...

by Reserve Bank of India RBI | On 18 Jan 2016

The Future of Jobs

The Fourth Industrial Revolution, which includes developments in previously disjointed fields such as artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics...

by World Economic Forum [WEF] | On 18 Jan 2016

The Global Risks Report 2016

The Global Risks Report 2016 features perspectives from nearly 750 experts on the perceived impact and likelihood of 29 prevalent global risks over a 10-year timeframe. The risks are divided into five...

by World Economic Forum [WEF] | On 18 Jan 2016

Why BRICS is no Longer a Saleable Idea

The Brics line-up has yielded to a shaky China-India story, with new question marks over China even as India remains a "B+" performer.

by T.N. Ninan | On 16 Jan 2016

The Role of Industrial Policy as a Development Tool: New Evidence from the Globalization of Trade-and-Investment

This paper identifies the ingredients for what it calls “light-handed” industrial policy to address these obstacles. To a certain extent, emerging market hosts can carry out the policy interventions r...

by Theodore H Moran | On 15 Jan 2016

Rebalancing Growth in Asia

Rebalancing growth patterns of Asian economies is an important component of the overall rebalancing effort that will be required in the world economy. In this paper, I provide an empirical characteriz...

by Eswar S. Prasad | On 15 Jan 2016

Understanding Mandis: Market Towns and the Dynamics of India’s Rural and Urban Transformations

Our goal is to develop, over a period of time, a collaborative, multi-level and interdisciplinary project to generate and anchor a range of new research activities to help fill this gap. The idea is...

by | On 14 Jan 2016

Challenges for Economic Empowerment of Women In South Asia

This paper examines the changing work profiles of women in the South Asian region, with all elements of contradictions, in terms of doubling their burdens or empowering them. Are the newer avenues for...

by Preet Rustagi | On 13 Jan 2016

Climate Change Impacts in Drought and Flood Affected Areas: Case Studies in India

The focus of this report is on vulnerabilities in natural resources and rural livelihoods, which stand at the front line of climate change impact. The overarching objective of this report is to promot...

by World Bank [WB} | On 12 Jan 2016

Migration, School Attainment and Child Labor: Evidence from Rural Pakistan

Inequalities in access to education pose a significant barrier to development. It has been argued that this reflects, in part, borrowing constraints that inhibit private investment in human capital by...

by | On 11 Jan 2016

Transmission of Volatility of Money Market Overnight Repo Rate along the Yield Curve in Pakistan

This paper presents the empirical results of the volatility transmission of money market overnight repo rate along the yield curve in Pakistan. The results indicate that the transmission of volatilit...

by Asif Mahmood | On 11 Jan 2016

Trade and Development Report, 2010

The Trade and Development Report 2010 focuses on the need to make employment creation a priority in economic policy. Unemployment is the most pressing social and economic problem of our time, not leas...

by United Nations Conference on Trade and Development UNCTAD | On 09 Jan 2016

Trade and Development Report, 2012

The Trade and Development Report (TDR) 2012 reviews recent trends in the global economy and explores the links between income distribution, growth and development. Global output growth is slowing down...

by United Nations Conference on Trade and Development UNCTAD | On 09 Jan 2016

The Indian Bond Market

This paper tries to explain the main characteristics of the Indian government and corporate bond markets and what has contributed to the poor development of the latter. It goes on to show that an oppo...

by Chandrani Sarma | On 09 Jan 2016

Double Bubble Trouble

Sustaining anything in the region of 7% growth should be good enough in a troubled and risk-laden world.

by T.N. Ninan | On 08 Jan 2016

Prevention and Resolution of Foreign Exchange Crises in East Asia

This paper discusses mechanisms to prevent and resolve foreign exchange crises in East Asia. Policies and mechanisms at the country level as well as regional and global levels are discussed. Policies...

by Andrew Cooper | On 07 Jan 2016

Remittances and Labor Supply in Post-Conflict Tajikistan

This paper analyzes the impact of remittances on the labor supply of men and women in post-conflict Tajikistan. It is found that on average men and women from remittance-receiving households are less...

by Olga Shemyakina | On 07 Jan 2016

New Measures of the Trilemma Hypothesis: Implications for Asia

The authors develop a new set of indexes of exchange rate stability, monetary policy independence, and financial market openness as the metrics for the trilemma hypothesis. In their exploration, they...

by Masahiro Kawai | On 07 Jan 2016

Socio-Economic Uncertainty and Violent Conflicts

This paper, with reference to the literature on research on violent conflicts, discusses socio-economic uncertainty and characteristics of coping with it in the context of violent mass conflicts. Rese...

by Gyöngyvér Demény | On 07 Jan 2016

Banking Crises and 'Japanization': Origins and Implications

Japan’s “two lost decades” perhaps represent an extreme example of a weak recovery from a financial crisis, and are now referred to as “Japanization.” More recently, widespread stagnation in advanced...

by Masahiro Kawai | On 07 Jan 2016

Modern Currency Wars: The United States Versus Japan

In 2013, through massive quantitative easing by the Bank of Japan (BOJ), the yen depreciated about 25% against the US dollar, stoking fears of Japan bashing by the US. However, this sharp depreciation...

by Ronald McKinnon | On 07 Jan 2016

Regional Financial Regulation in Asia

The Asian financial crisis (1997-1998) and the global financial crisis (2007-2009) highlighted the potential value of financial regionalism, i.e., regional-level cooperation in financial policy. This...

by Masahiro Kawai | On 07 Jan 2016

Japan’s Lost Decade: Lessons for Other Economies

Japan has suffered from sluggish economic growth and recession since the 1990s, a phenomenon dubbed “Japan’s Lost Decade.” The People’s Republic of China, many countries in the eurozone, and the Unite...

by Naoyuki Yoshino | On 06 Jan 2016

Managing Capital Flows in Asia: An Overview of Key Issues

Global capital flows into emerging markets, including those in Asia, continue to be volatile, generating both benefits and costs. The latter are associated with episodes of currency and banking crises...

by Ramón López | On 01 Jan 2016

International Financial Reforms: Capital Standards, Resolution Regimes and Supervisory Colleges, and their Effect on Emerging Markets

This paper focuses on the relevance to emerging economies of three major financial reforms following the global financial crisis of 2007–2009: the improved capital requirements intended to reduce the...

by Duncan Alford | On 30 Dec 2015

Public Debt Sustainability in Developing Asia: An Update

The paper updates debt sustainability analysis (DSA) for developing Asia, conducted in 2011. With the benefit of hindsight, the accuracy of the earlier debt ratio forecasts and underlying macroeconomi...

by Benno Ferrarini | On 29 Dec 2015

Financial Crisis as a Catalyst of Legal Reforms: The Case of Asia

This paper discusses how financial crises in emerging Asia and Japan worked as catalysts for legal reforms. Findings show that six Asian countries pursued significant legal and judicial reforms follow...

by Masahiro Kawai | On 29 Dec 2015

Trade in Value Added: An East Asian Perspective

This paper aims to provide a non-technical explanation of the concept of trade in value added, with particular reference to East Asia. The trade in value added approach allows us to redefine the relat...

by Satoshi Inomata | On 29 Dec 2015

An Asian Perspective on Global Financial Reforms

The purpose of this study is to better understand the likely impact on Asian economies and financial institutions of various recent global financial reforms, including Basel III capital adequacy and l...

by Peter Morgan | On 29 Dec 2015

Policies to Enhance Trade Facilitation in South Asia and Southeast Asia

This paper discusses trade facilitation in the context of enhancing trading links between South and Southeast Asia, in a manner understandable to the non-specialist. Presently, these two Asian regions...

by Anthony Bayley | On 29 Dec 2015

Economic Crises and Women’s Work: Exploring Progressive Strategies in a Rapidly Changing Global Environment

This paper examines issues of women’s employment and decent work in the context of the on-going global financial and economic crisis. Recognizing that financial and economic crises affect men and wome...

by UN Women | On 28 Dec 2015

Social Factors Affecting Women's Susceptibility to HIV in India

India is the global epicentre of the HIV/AIDS epidemic in Asia. Previousresearch indicates that the majority of HIV-positive women in India were infected by their husbands, their only sexual partner,...

by Priya Lall | On 23 Dec 2015

Lending Rates Behavior in Bangladesh: Some Facts and Determinants

The intention of this study is to analyze lending rate behavior in Bangladesh and also to determine the factors that mostly affect the lending rates. For this purpose, a set of macro and bank specific...

by Shahana Nasrin | On 22 Dec 2015

Water-Related Disasters and Disaster Risk Management in the People’s Republic of China

Disaster risk now presents one of the most serious threats to inclusive and sustainable socioeconomic development. Coupled with anticipated increases in the frequency and intensity of weather-related...

by Asian Development Bank Institute | On 21 Dec 2015

Addressing Climate Change Risks, Disasters, and Adaptation in the People’s Republic of China

It is vital for countries to identify climate risks, reduce these risks through mitigation, and adapt to these risks—thereby increasing resilience and reducing vulnerability. This study informs decisi...

by Asian Development Bank Institute | On 21 Dec 2015

Doing Business Differently with Subnationals: Recommendations for Global Health Donors in Highly Decentralized Countries

This note builds on lessons learned from the Center for Global Development’s work on intergovernmental fiscal transfers for health and lays out three strategies for donors that fund organizations and...

by Amanda Glassman | On 21 Dec 2015

A Note on Reserve Currencies with Special Reference to the G-20 Countries

It is most likely that the current reserve currencies will retain their status in the near future, given the persistence in the composition of reserve holdings. However, since we do not have complete...

by Menzie D. Chinna | On 18 Dec 2015

Hidden in Plain Sight: A Statistical Analysis of Violence against Children

The report sheds light on the prevalence of different forms of violence against children, with global figures and data from 190 countries. Where relevant, data are disaggregated by age and sex, to pro...

by United Nations Children's Fund UNICEF | On 17 Dec 2015

Unless We Act Now: The Impact of Climate Change on Children

Today’s children, and their children, are the ones who will live with the consequences of climate change. This report looks at how children, and particularly the most vulnerable, are affected and what...

by United Nations Children's Fund UNICEF | On 17 Dec 2015

The Brics Development Bank

This policy brief recommends that these include commitments to: ending extreme poverty and inequality, with a special focus on gender equity and women’s rights; aligning with environmental and social...

by Oxfam International | On 17 Dec 2015

Strategic Framework 2013–2017 Global Programme Food Security

Food security and nutrition is a major global challenge. SDC’s Global Programme Food Security(GPFS) represents an innovative initiative of Switzerland in addressing food security and nutrition challen...

by Swiss Agency for Development and Cooperation SDC | On 17 Dec 2015

Global Increase in Climate - Related Disasters

Is there an ominous link between the global increase of the hydrometeorological and climatological events on the one side and anthropogenic climate change on the other? This paper considers three main...

by Vinod Thomas | On 15 Dec 2015

Enhancing Early Warning Capabilities and Capacities for Food Safety

Worldwide, food safety incidents can have a significant impact on public health, economies, agrifood trade, food security, and public confidence in the food supply. The prevention, mitigation, and man...

by | On 15 Dec 2015

The Exposure, Vulnerability, and Ability to Respond of Poor Households to Recurrent Floods in Mumbai

This paper examines poor households in the city of Mumbai and their exposure, vulnerability, and ability to respond to recurrent floods. The paper discusses policy implications for future adaptive cap...

by | On 14 Dec 2015

Impact of Labour Migration to the Construction Sector on Poverty: Evidence from India

Seasonal and circular migration is an important livelihood strategy for workers in developing countries and the construction industry is one of the largest recipients of such labour. The impact of lab...

by RPC Migrating out of Poverty | On 08 Dec 2015

Progress of the World’s Women 2008/2009: Who Answers to Women?

The “Progress of the World's Women 2008/2009: Who Answers to Women?” demonstrates that one of the most powerful constraints on realizing women's rights and achieving the Millennium Development Goals (...

by | On 07 Dec 2015

Adolescents under the Radar: In the Asia-Pacific AIDS Response

This report highlights the HIV crisis for vulnerable adolescents in Asia and the Pacific and what we can do to give them the support they desperately need. If we fail to do this, the world will not g...

by United Nations Children's Fund UNICEF | On 01 Dec 2015

Global Increase in Climate-Related Disasters

Intense climate-related disasters—floods, storms, droughts, and heat waves—have been on the rise worldwide. At the same time and coupled with an increasing concentration of greenhouse gases in the atm...

by Vinod Thomas | On 30 Nov 2015

Global Employment Trends for Youth 2015

The Global Employment Trends for Youth 2015 provides an update on key youth labour market indicators and trends, focusing both on the continuing labour market instability and on structural issues in y...

by | On 28 Oct 2015

Depression among Adolescents as a Function of Social Support and Parental Bonding

Depression is an emotional and mental disorder that affects person’s activity, thoughts, sense of wellbeing and behavior. Its rise within adolescents has become a matter of concern and has put emphasi...

by | On 19 Oct 2015

China’s One Belt One Road Strategy: The New Financial Institutions and India’s Options

This paper attempts to discuss India’s options to collaborate with China at the event of the formation of new financial institutions and how should India engage with China’s new Silk Road strategy.

by Ajay Chhibber | On 16 Oct 2015

Integrating SMEs into Global Value Chains: Challenges and Policy Actions in Asia

Globalized production networks, or global value chains, provide an opportunity for small and medium enterprises to upscale their business models and to grow across borders, though with global opportun...

by Asian Development Bank Institute | On 16 Oct 2015

The Influence of Industry Financial Composition on the Exports from Pakistan

the influence of the industry financial composition on the export flow between Pakistan and its trading partners is determined. The importing countries are split according to their OECD membership st...

by Aadil Nakhoda | On 16 Oct 2015

Investment in Agricultural Marketing and Market Infrastructure – A Case Study of Bihar

Bihar has lowest per capita income amongst the major states of India and high rate of persistent poverty with social structure fragmented based on caste lines. Therefore present study has been underta...

by | On 14 Oct 2015

The New Dread-word

The new dread-word is deflation. What does this mean for India? This can cause a threat for domestic producers. This is because of the global situation. We can be prepared and by improving efficiency...

by T.N. Ninan | On 09 Oct 2015

Development Goals in an Era of Demographic Change

The 2015-16 Global Monitoring Report, produced jointly by the World Bank and International Monetary Fund, details the progress the world has made towards global development goals and examines the impa...

by International Monetary Fund [IMF] | On 09 Oct 2015

Rural Poverty Reduction Strategy for South Asia

Roughly 40 percent of the world’s poor live in South Asia, where poverty is basically a rural problem. Therefore, a significant gain in rural poverty reduction in this sub-region will be crucial to re...

by | On 30 Sep 2015

The Global Competitiveness Report 2015–2016

The Global Competitiveness Report 2015-2016 presents the rankings of the Global Competitiveness Index (GCI). The GCI is based on 12 pillars that provide a comprehensive picture of the competitiveness...

by | On 30 Sep 2015

From India to the Gulf region: Exploring links between labour markets, skills and the migration cycle

Despite the substantial benefits generated by the migration flow between India-GCC migration flow, many challenges remain to ensure a fairer distribution of the profits. Much has been written on the a...

by | On 15 Sep 2015

Debt-Bondage Slavery in India

There have been numerous investigations in recent years to determine the incidence and prevalence of modern slavery worldwide, and debt bondage in India has been found to be the most extensive form of...

by Sarah Knight | On 10 Sep 2015

Basel III Implementation- Challenges for Indian Banking System

In India, Basel III capital regulation has been implemented from April 1, 2013 in phases and it will be fully implemented as on March 31, 2019. Do we need Basel III for a country like India? What are...

by N.S. Viswanathan | On 08 Sep 2015

Centre-State Relations in India: Time for a New Framework

Three cross-cutting developments, namely the rise of regional political parties, globalisation and liberalisation of the economy and judicialisation of the federal process have deeply influenced the m...

by Niranjan Sahoo | On 07 Sep 2015

Human Traffcking and Contemporary Slavery

The article begins with a discussion of definitional issues regarding human trafficking and modern slavery and then briefly critiques some popular claims regarding each problem. Examples of macro-leve...

by Ronald Weitzer Weitzer | On 03 Sep 2015

For a Fee: The Business of Recruiting Bangladeshi Women for Domestic Work in Jordan and Lebanon

This study aims to shed light on the industry that profits from the recruitment of women from South Asian countries into domestic work employment in the Middle East, with a particular focus on Banglad...

by Katharine Jones | On 27 Aug 2015

Employment and Inequality Outcomes in India

The report takes into account present scenario of urban poverty in India. Incidence of urban poverty can be attributed to lack of development as also to the nature and pattern of development. Importa...

by | On 25 Aug 2015

Understanding Children’s Risk and Agency in Urban Areas and their Implications for Child-centred Urban Disaster Risk Reduction in Asia: Insights From Dhaka, Kathmandu, Manila and Jakarta

This paper presents the findings of a study undertaken by IIED in partnership with Plan International on urban children’s risk and agency in four large Asian cities: Dhaka (Bangladesh), Kathmandu (Nep...

by | On 24 Aug 2015

Science and Economics for Sustainable Development of India

This paper deals with the interface between science and economics in environmental policy making in India. It explains Nehru‘s concept of scientific temper and its influence in the formulation of scie...

by U. Sankar | On 19 Aug 2015

Long Run Trends in Unemployment and Labor Force Participation in China

Unemployment rates in countries across the world are typically positively correlated with GDP. China is an unusual outlier from the pattern, with abnormally low, and suspiciously stable, unemployment...

by Shuaizhang Feng | On 19 Aug 2015

Mahatma Gandhi National Rural Employment Guarantee Act: A Catalyst for Rural Transformation

This report examines changes in the lives of rural households and in the rural economy against the backdrop of changes brought about by the programme. This research report addresses such challenging q...

by Sonalde Desai | On 13 Aug 2015

Public Debt Management in India and Related Issues

This study focuses on the marketable domestic public debt of the Government of India (GoI) in terms of size, magnitude, policy and approach followed and also discusses issues and challenges on debt m...

by Lakshmanan L | On 13 Aug 2015

Measuring ‘Subjective Resilience’ – Using People’s Perceptions to Quantify Household Resilience

This paper advocates for the use of one such alternative: the measurement of ‘subjective’ resilience at the household level. The concept of subjective resilience stems from the premise that people hav...

by Thomas Tanner | On 12 Aug 2015

Social Enterprises and Employment: Mainstreaming SMEs and Employment Creation

This paper argues that mainstreaming SMEs and SE into various international treaties will require the assumption of positive externalities which markets cannot fully evaluate. To show this, the possib...

by Leonardo Lanzona | On 12 Aug 2015

Quality and Accountability in Healthcare Delivery: Audit Evidence from Primary Care Providers in India

This paper presents direct evidence on the quality of health care in low-income settings using a unique and original set of audit studies, where standardized patients were presented to a nearly repres...

by Alaka Holla | On 04 Aug 2015

IT Governance and IT Strategy: Board's Eye View

Banking in India and globally is undergoing and there are many challenges that are lying ahead. The basic underlying theme that runs through this changing landscape is the ever increasing reliance on...

by Harun R Khan | On 04 Aug 2015

Foreign Investment in Hospital Sector in India: Trends, Pattern and Issues

This study examines the status of and trends in foreign investment inflow into the Indian hospital sector and highlights the emerging issues from 2000 to 2014, the era of liberalised foreign investmen...

by | On 31 Jul 2015

Trafficking in Persons Report

This report, produced by the United States of America's Department of State, catalogues the state of human trafficking as of 2015 across the world.

by Department of State United States of America | On 30 Jul 2015

Study of the Global Crisis: A Question of Inevitability of the Euro Zone Crisis

The paper aims to analyse points of contention among economists and policymakers. This paper will discuss the pre-crisis conditions in the euro zone nations to gauge the extent of vulnerability of the...

by | On 28 Jul 2015

Can GDP-Linked Official Lending to Emerging Economies and Developing Countries Enhance Risk Management and Resilience?

This paper considers whether GDP-linked official external public debt can help address some of the challenges that developing countries face when managing international financial flows. GDP-linked off...

by United Nations Development Programme UNDP | On 20 Jul 2015

The Sunday Edit: Tragedy of the Grecian Dilemma

Greek negotiations are more political than economic. Contrary to popular opinion, Greece has actually done quite well in terms of its macro fundamentals. And the case for imposing austerity measures...

by Saugata Bhattacharya | On 05 Jul 2015

The Cost of "Coupling": The Global Crisis and the Indian Economy

This paper argues that the presumption that the Indian economy was on a robust growth trajectory decoupled in important ways from the international system is questionable. Rather, the recent boom was...

by C.P. Chandrasekhar | On 29 Jun 2015

The Risk of Disaster-Induced Displacement in South Asia

This technical paper provides evidence-based estimates of the likelihood of disaster-induced displacement in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka. It att...

by Justin Ginnetti | On 24 Jun 2015

Out-Of-Pocket (OOP) Financial Risk Protection: The Role of Health Insurance

Though health has been considered a fundamental human right since the Alma Ata Declaration in 1978, still a significant proportion of world population don’t get access to basic healthcare simply due t...

by S Madheswaran | On 22 Jun 2015

In Search of a Model Land Legislation the New Land Acquisition Bill and its Challenges

The draft Land Acquisition and Rehabilitation and Resettlement Bill, which was introduced in the Lok Sabha on September 7, 2011 is one of the most important legislations waiting for Parliamentary appr...

by Niranjan Sahoo | On 05 Jun 2015

Impact of Interbank Liquidity on Monetary Transmission Mechanism: A Case Study of Pakistan

The transmission mechanism of policy-induced changes are is analysed in the discount rate and required reserves in Pakistan. The results suggest that the pass through to the lending rate is complete f...

by Muhammed Omar | On 05 Jun 2015

Second Bi-monthly Monetary Policy Statement, 2015-16

On the basis of an assessment of the current and evolving macroeconomic situation the statement suggest that the global recovery is still slow and getting increasingly differentiated across regions.

by Raghuram G. Rajan | On 03 Jun 2015

Land Markets, Government Interventions, and Housing Affordability

Urban population growth and economic growth require cities to expand into the agricultural land on their periphery. How much land is required for this extension? How much planning and direct intervent...

by Alain Bertaud | On 01 Jun 2015

Report of the Sixty-Seventh World Health Assembly on Framework of Engagement with Non-State Actors

At its 134th session, in the provisional agenda the Executive Board have requested the Director-General to develop a framework of engagement with non-State actors and separate policies on the engageme...

by World Health Organisation (WHO) | On 25 May 2015

Report of the Working Group on Outreach of Institutional Finance, Cooperatives and Risk Management for the 12th Five Year Plan (2012-17)

The working group is of the opinion that the credit strategy should be aligned to agriculture growth strategy which in turn has to address broader macro economy concerns of supply management and issu...

by Planning Commission | On 21 May 2015

Nanotechnology Development in India An Overview

This discussion paper attempts to capture the nanotechnology development in India by highlighting the various initiatives undertaken by the government to promote basic R&D in it, the major actors invo...

by | On 19 Mar 2015

Regional Disparities in Growth and Human Development in India

This paper argues that that per capita income in all states in India increased in the past four decades but in fact no sign of convergence could be visible as it was expected in the context of liberal...

by | On 13 Mar 2015

Budget Speech 2015-16

Budget speech of Finance Minister

by Arun Jaitley | On 28 Feb 2015

Addressing Inequality in South Asia

An outcome report of IMF-World Bank meetings held in October 2014, this report highlights the stark inequalities in human development in South Asia. Based on parameters such as monetary indicators, he...

by Martin Rama | On 17 Feb 2015

Financing for Infrastructure Investment in G-20 Countries.

This study looks into various sources of financing infrastructure and the demands for infrastructure investments and highlights the mismatch between demand and supply of funds for infrastructure finan...

by Ramprasad Sengupta | On 11 Feb 2015

Impending Water Crisis in India and Comparing Clean Water Standards among Developing and Developed Nations

This paper is an overview of the issues surrounding India’s water scarcity, and also comparison of clean water standards between developing and developed nations. Water security is emerging as an incr...

by | On 06 Feb 2015

Water Scarcity & Climate Change: Growing Risks for Businesses & Investors

This report outlines the wide-ranging risks investors and companies face from water scarcity and how global climate change will heighten those risks in many parts of the world. The report makes clear...

by | On 04 Feb 2015

Sri Lanka’s Presidential Election: Risks and Opportunities

This briefing discusses Sri Lanka’s presidential election promises. It promises more competition than was initially anticipated but with that comes a great risk of violence. Long-term stability and po...

by Crisis Group | On 02 Feb 2015

New Challenges Before the Indian Nation

What are the new challenges before the Indian nation, its new government and the people's movement? (In Hindi)

by Abhay Kumar Dubey | On 29 Jan 2015

Agribusiness Franchising in India: Experience and Potential

This paper locates the rationale for franchising in agribusiness from global literature and from the Indian smallholder agricultural context where other ways of reaching small farmers or linking them...

by Sukhpal Singh | On 23 Jan 2015

World Employment and Social Outlook - Trends 2015

Formerly entitled Global Employment Trends, the World Employment and Social Outlook – Trends 2015 includes a forecast of global unemployment levels and explains the factors behind this trend, includin...

by International Labour Organisation ILO | On 22 Jan 2015

Economic Sociology and Political Economy: A Programmatic Perspective

The paper presents some of the ideas underlying the current research program of the Max Planck Institute for the Study of Societies (MPIfG). It begins with a discussion of how the institute’s pro- gra...

by Jens Beckert | On 18 Jan 2015

Global Economic Prospects

The report argues the recent setback in global economy and ways to strengthen the growth in developing countries. with a view to undertake growth and recovery in high-income countries, there is need t...

by World Bank | On 14 Jan 2015

Cyber Crime and Security

The purpose of this paper is Understanding Cyber crime and its phenomena, challenges and legal response to assist everyone in understanding the legal aspects of cyber security and to help harmonize le...

by Shilpa Yadav | On 13 Jan 2015

Living through Crises : How the Food, Fuel, and Financial Shocks Affect the Poor

The food, fuel, and financial crises that started in 2008 reverberated throughout the global economy, causing job losses; poverty; and economic, financial, and political upheaval in countries all...

by | On 13 Jan 2015

Price Movements for Rice and Wheat: A Structuralist Policy Perspective

This paper examines the price movements in rice and wheat, following structuralist principles emphasizing the necessity of long term solutions in combination with short and medium term management. How...

by K U Gopakumar | On 17 Dec 2014

Impediments to Contract Enforcement in Day Labour Markets: A Perspective from India

This paper focuses on one such setting in India's urban informal economy: the 'day labour' market for casual labour. We survey seven such markets in Navi Mumbai (a city on the outskirts of Mumbai),...

by Karthikeya Naraparaju | On 12 Dec 2014

Bonded Labour, Agrarian Changes and Capitalism: Emerging Patterns in South India

Drawing on a number of case studies from Tamil Nadu, this paper shows that bonded labour is not a relic of the past, but surprisingly contemporary. Refuting the tenets of the semi-feudal thesis, we ar...

by Isabelle Guerin | On 21 Nov 2014

Anomaly in Decision Making Under Risk: Violation of Stochastic Dominance Among Farmers in Gujarat, India

This study investigates farmers' decision making under risk by eliciting their willingness to pay (WTP) for hypothetical risky income distributions. To inquire whether farmers behave differently whe...

by Thiagu Ranganathan | On 27 Oct 2014

The Global Economic Crisis and Gender Equality

Jobs are also at risk, due to cuts in public sector employment, traditionally a source of better-protected and more empowering work. The report recommends strategies to shift public policies away from...

by UN Women | On 14 Oct 2014

Demand for Price Insurance among Farmers in India: A Choice Experiment-based Approach

Agriculture is an intrinsically risky economic activity. Farmers face a multitude of risks, such as production risks, on account of weather variations, and price risks, associated with falling output...

by Thaigu Ranganathan | On 24 Sep 2014

Financing Migration, Generating Remittances and the Building of Livelihood Strategies: A Case Study of Indonesian Migrant Women as Domestic Workers in Singapore

Using the case study of Indonesian women migrating as domestic workers to Singapore, this paper draws on a quantitative survey and qualitative in-depth interviews to examine the migration trajectories...

by Maria Platt | On 24 Sep 2014

Worker’s Rights and Practices in the Contemporary Scenario: An Overview

This book offers a careful summary of the rights and practices of work in the Indian labour market. In specific, it deals with rights deficiency of workers in different sectors especially on agricultu...

by V.V. Giri Labour Institute | On 19 Sep 2014

Economic and Financial Outlook

A picture about the macroeconomy that is, the world economy and the domestic economy is given. The two recent regulatory measures are given here. [FICCI/IBA Annual Banking Conference].

by Raghuram G. Rajan | On 18 Sep 2014

Budget 2014-15: The Continuing Neglect of the 'Rural'

The Union Budget remains significant for the agricultural sector in the country for at least the following two reasons. First, the budget comes in the background of an agrarian crisis in the country,...

by Arindam Banerjee | On 04 Aug 2014

Salient Features of Measuring, Interpreting and Addressing Indian Inflation

The paper reviews the calculation of Indian wholesale and consumer price indices and suggests improvements in the light of past experience and international best practices. It confirms that food infla...

by Kirti Gupta | On 22 Jul 2014

Incidence of Poor and Poverty Risk in India across NSS Regions for Rual and Urban Areas, 2004-05 and 2009-10

This note provides an estimate of incidence of poor and poverty risk in India across NSS regions for 2004-05 and 2009-10 in rural and urban areas. It raises concern on increasing poverty risk and als...

by Srijit Mishra | On 23 Jun 2014

The Market Valuation of Innovation: The Case of Indian Manufacturing

The relationship between market value and innovation in the context of manufacturing firms in India was analysed, using data for 2001-2010. In a milieu where most firms do not patent, the concern was...

by Sunil Kanwar | On 10 Jun 2014

Organised Labour and Economic Liberalisation India: Past, Present and Future.

This paper examines the role of organised labour in India in a structural and historical context. It attempts to trace the economic, political and social effects of the trade union movement and its st...

by Debashish Bhattacharjee | On 23 May 2014

Addressing the Global Food Crisis: Key trade, investment and commodity policies in ensuring sustainable food security and alleviating poverty

The recent global food crisis can be seen as a wake-up call which can be turned into an opportunity by developing countries and the international community to revitalize global agriculture producti...

by United Nations Conference on Trade and Development | On 22 Apr 2014

Enhancing The Competitiveness Of Smes Through Industrial Clusters: The Indian Experience

The Indian economy is expected to grow by over 8 per cent per annum until 2020 and can become the second largest in the world, ahead of the United States, by 2050, and the third largest after China an...

by S.P. Parashar | On 11 Mar 2014

Health and Poverty Linkages: Perspectives of the chronically poor

This paper identifies the mediating factors that underpin a spiral or descent into chronic poverty and identifies points at which intervention will most likely make a difference.

by Ursula Grant | On 27 Feb 2014

Global Burden of Disease Study 2010: A Comparative Risk Assessment

GBD 2010 provides an opportunity to re-assess the evidence for exposure and effect sizes of risks for a broad set of risk factors by use of a common framework and methods. The basic approach for the G...

by Stephen S Lim | On 24 Feb 2014

Sold to the Sea: Human Trafficking in Thailand's fishing industry

Thailand’s economy is heavily reliant on labour-intensive industries. However, growing economic prosperity since the late 1980s has seen a decline in the available Thai workforce needed to meet the la...

by Environmental Justice Foundation (EJF) | On 24 Jan 2014

Attitudes Towards Risk of Forest Dependent Communities Evidence from Andhra Pradesh

This study is an attempt to generate empirical evidence on attitude towards risk of forest dependent communities (FDCs). The FDCs covered in the study include two different geographical regions from...

by B. Sundar | On 05 Dec 2013

The World Trade Organization and the Post-Global Food Crisis Agenda

This policy note offers a preliminary assessment of the compatibility between the WTO and efforts to protect the human right to adequate food as part of the post-crisis food security agenda. Existing...

by Olivier Schutter | On 02 Dec 2013

Special Report: Building National Resilience to Global Risks

Global risks would meet with global responses in an ideal world, but the reality is that countries and their communities are on the frontline when it comes to systemic shocks and catastrophic events....

by World Economic Forum WEF | On 22 Nov 2013

Asymmetric Information and Middleman Margins: An Experiment with West Bengal Potato Farmers

A study middleman margins, trading mechanisms and the role of asymmetric information about prices between potato farmers and local trade intermediaries, in West Bengal, India is conducted. Farmers in...

by Sandip Mitra | On 23 Oct 2013

Comparing Urbanization in India and China: A Study

China and India are in the vanguard of a wave of urban expansion that is restoring the global prominence that Asia enjoyed before the European and North American industrial revolution. Never before i...

by Richard Dobbs | On 15 Oct 2013

Welfare and Poverty Impacts of India’s National Rural Employment Guarantee Scheme: Evidence from Andhra Pradesh

India’s National Rural Employment Guarantee Scheme (NREGS) is one of the largest public works programs globally. Understanding the impacts of NREGS and the pathway through which its impacts are realiz...

by Songqing Jin | On 14 Oct 2013

Measuring International Remittances in India: Concepts and Empirics

India is the top remittance receiving nation in the world. The international remittance receipts in India have grown at an impressive rate of 300 per cent during the past decade. Understanding the tru...

by Puja Guha | On 13 Sep 2013

Statement by Dr. Raghuram Rajan

Statement by Dr. Raghuram Rajan on taking office on September 4, 2013. [RBI Press release].

by Sabeeta Badkar | On 05 Sep 2013

Essays on Banking

This thesis comprises three essays on various aspects of the relationship between a firm or a country and its creditor banks. The first essay focuses on a firm's choice between borrowing from banks an...

by Raghuram G. Rajan | On 19 Aug 2013

Role of Culture in Celebrity Endorsement: Brand Endorsement by Celebrities in Indian Context-A Review, Synthesis and Research Propositions

This paper uses the lens of culture to develop propositions on how customer attitude towards celebrity endorsements is a function of cultural parameters in emerging countries like India. [W.P. No. 201...

by . Abhishek | On 08 Aug 2013

Patterns of Migration, Water Scarcity and Caste in Rural Northern Gujarat

Patterns of rural-urban migration and employment shifts in a region that is facing ongoing depletion of groundwater resources in Northern Gujarat, India is discussed. Given that migration typically d...

by Ram Fishman | On 30 Jul 2013

National Data Sharing and Accessibility Policy-2012 (NDSAP-2012)

The National Data Sharing and Accessibility Policy (NDSAP) is designed so as to apply to all sharable non-sensitive data available either in digital or analog forms but generated using public funds by...

by Ministry of Science and Technology GOI | On 30 Jul 2013

Why Is Mobility in India So Low? Social Insurance, Inequality, and Growth

This paper examines the hypothesis that the persistence of low spatial and marital mobility in rural India, despite increased growth rates and rising inequality in recent years, is due to the existenc...

by Kaivan Munshi | On 22 Jul 2013

Awareness as an Adaptation Strategy for Reducing Mortality from Heat Waves: Evidence from a Disaster Risk Management Program in India

Since 2002, the Indian state of Odisha has been undertaking a grassroots awareness campaign on “dos and don’ts” during heat wave conditions through the Disaster Risk Management (DRM) program. The sele...

by Saudamini Das | On 24 May 2013

Revisiting the Growth-Inflation Nexus: A Wavelet Analysis

Motivated by the concern that the recent surge in inflation could retard growth, the paper revisits the nexus between inflation and growth from the perspective of an emerging economy, India. Examining...

by Saumitra N Bhaduri | On 23 May 2013

Science and Economics for Sustainable Development o f India

This paper deals with the interface between science and economics in environmental policy making in India. It explains Nehru‘s concept of scientific temper and its influence in the formulation of scie...

by U. Sankar | On 23 May 2013

Compensating Wages for Occupational Risks of Farm Workers in India

Farm workers incur various occupational related risks. The question is whether they are adequately compensated for facing these risks? This paper attempts to measure the wage premiums that farm worker...

by Indira Devi P | On 22 May 2013

Indian Banking Sector: Pushing the Boundaries

Asset quality of banks has come under increasing pressure with rising NPAs and Restructured loans. The Gross NPA ratio for the banking system, which was 2.4% in March 2011, increased to 3.6 per cent b...

by Chakrabarty K C | On 07 Mar 2013

Self-Employment in China: Are Rural Migrant Workers and Urban Residents Alike?

This paper studies differences in the motivation to be self-employed between rural migrants and urban residents in modern China. Estimates of the wage differential between selfemployment and paid-empl...

by Yuling Cui | On 13 Feb 2013

Financial Stability Report Issue No. 5

The report reflects the collective assessment of the Sub Committee of the Financial Stability and Development Council (FSDC) on potential risks to financial stability. [RBI]. URL:[http://rbidocs.rbi....

by Reserve Bank of India RBI | On 04 Sep 2012

Capital Market Bank Funding: (Not such a) Brave New World …

What degree the financial crisis and the resulting developments have impacted and will impact long-term, capital market bank funding. [DB research] URL:[http://www.dbresearch.com/PROD/DBR_INTERNET_EN-...

by Meta Zähres | On 23 Aug 2012

Situating Conflict and Poverty in Manipur

What is the relationship between social conflict and poverty in the context of Manipur? There is a need to recognize togetherness of the imperatives of economic well being, socio-cultural identity a...

by Anand Kumar | On 22 Aug 2012

Estimation of Discount Factor ß and Coefficient of Relative Risk Aversion ? in Selected Countries

The long-run discount factor for a group of developed and developing countries is estimated through standard methodology incorporating adaptive expectations of inflation. In the second part, while con...

by Waqas Ahmed | On 07 Aug 2012

Examination of Intense Climate-Related Disasters in Asia-Pacific

The frequency of intense floods and storms is increasing globally, particularly in Asia-Pacific, amid the specter of climate change. Associated with these natural disasters are more variable and ext...

by Vinod Thomas | On 26 Jul 2012

The Salween River Basin: Dam Cascades Threaten Biological and Cultural Diversity

F rom its headwaters in the Tibetan Plateau to its estuary in Burma, the Salween River supports over ten million people. For many decades, it was the longest free-flowing river in Southeast Asia. It...

by International Rivers Network IRN | On 17 Jul 2012

New Thinking on Corporate Bond Market in India

What are major factors behind underdevelopment of corporate bond market in India? One of the major bottlenecks to the development of this market lies in relatively larger costs of financing which diss...

by Sanjay Banerji | On 17 Jul 2012

Reexamining the Finance–Growth Relationship for a Developing Economy: A Time Series Analysis of Post-reform India

The cross-country empirical literature on the finance-growth relationship has debated three propositions: (i) financial deepening has a strong impact on the growth process; (ii) measures of financia...

by Sabyasachi Kar | On 13 Jul 2012

Small Farmers in India: Challenges and Opportunities

This paper examines the roles and challenges of small holding agriculture in India. It covers trends in agricultural growth, cultivation patterns, participation of small holding agriculture, productiv...

by S. Mahendra Dev | On 06 Jul 2012

Homo Biometricus: Biometric Recognition Systems and Mobile Internet Services

Biometric procedures are already accepted by millions of people every day on a variety of (social) internet platforms. Biometric identification procedures and their potential applications in everyday...

by Thomas F Dapp | On 05 Jul 2012

National Budget of Bhutan: Financial Year 2012-13

Budget of Bhutan 2012-13. URL:[http://www.mof.gov.bt/downloads/BudgetReport2012.pdf].

by Minister of Finance Bhutan | On 04 Jul 2012

Growth of Asian Pension Assets: Implications for Financial and Capital Markets

Pension assets have seen rapid growth world-wide over the past decades, although they suffered large losses during the global financial crisis of 2007–2008. Such growth is notably due to both structur...

by Yuwei Hu | On 02 Jul 2012

Awake the Sleeper Within: Releasing the Energy of Stifled Domestic Commerce!

Policy in Pakistan has been fairly path-dependant, placing a higher weight on export promotion and domestic industrialisation development than on domestic commerce. Yet domestic commerce is growing...

by Nadeem Ul Haque | On 28 May 2012

The Impact of 1998 and 2008 Financial Crises on Profitability of Islamic Banks

The paper investigates the profitability of 78 Islamic banks in 25 countries for the period of 1992-2009. The Fixed Effect Model (FEM) used to analyse profitability shows that profit efficiency is pos...

by NOR HAYATI BT AHMAD | On 24 May 2012

The Cost of Unserved Energy: Evidence from Selected Industrial Cities of Pakistan

This study is an attempt to explore the cost of unserved energy due to power outages in Pakistan that started in 2007. The study is based on a survey conducted for four major industrial cities of Pu...

by Rehana Siddiqui | On 24 May 2012

How Much is a Life Worth? Examining the Risk-Wages Trade Off in Pakistan

Governments across the world use estimates of people’s willingness to pay for a reduction in the probability of death and injury to develop a wide range of environmental, industrial and developmenta...

by South Asian Network for Development SANDEE | On 21 May 2012

Environmental Migrants: A Myth?

This brief reviews recent evidence, examines main research challenges in identifying migration–climate links and discusses the policy options for formalizing migration as an adaptation mechanism to cl...

by Jean-François Maystadt | On 09 May 2012

The Political Economy of Deforestation in the Tropics

Tropical deforestation accounts for almost one-fifth of greenhouse gas emissions worldwide and threatens the world.s most diverse ecosystems. The prevalence of illegal forest extraction in the tropi...

by Robin Burgess | On 08 May 2012

Behavior of Remittance Inflows and its Determinants in Bangladesh

The paper examines the determinants of remittance inflow by applying ordinary least square method (OLS). The model include the weighted average GDP of the six (Saudi Arabia (KSA), United Arab Emirat...

by Mst. Nurnaher Begum | On 24 Apr 2012

Audio-visual Services: International Trade and Cultural Policy

The audiovisual sector is a significant component of the economy in terms of wealth creation and employment and audiovisual industries also play an important cultural role. This study reviews the main...

by Gillian Doyle | On 20 Apr 2012

Measuring and Explaining the Asymmetry of Liquidity

This paper examines transactions costs in buying versus selling using a large database of snapshots of the limit order book. On the equity spot market, there is clear evidence of asymmetry in liquid...

by Rajat Tayal | On 19 Apr 2012

Innovative Approaches to Managing Longevity Risk in Asia: Lessons from the West

This paper discusses what is longevity risk, why it is important, approaches used by the West to manage longevity risk and what lessons can be learnt by Asian countries from the experiences of the Wes...

by Amlan Roy | On 18 Apr 2012

The Great Depression and the Great Recession: What have we Learned?

The Financial Crisis of 2007-2008 and the Great Recession of 2007-2009 are now in the past. Again there was the debt crisis of 2010-11. During the worst of the recent financial crisis/Great Recession...

by Michael D Bordo | On 13 Apr 2012

Do Changes in Distance-to-default Anticipate Changes in the Credit Rating?

Distance-to-default (DtD) from the Merton model has been used in the credit risk literature, most successfully as an input into reduced form models for forecasting default. [WP-2012-010]. URL:[http:...

by Nidhi Aggarwal | On 10 Apr 2012

India’s Call on BRICS : Aligning with China without a Deal

China–India association in the BRICS bloc of countries is an example of multilateralism at its height. For China, the BRICS group holds a strategic significance as it is targeted towards the Western...

by Jagannath P Panda | On 04 Apr 2012

Myanmar’s Ethnic Insurgents: UWSA, KNU and KIO

Since the elections of 2010, Myanmar’s political landscape has changed significantly; the old military junta has officially been dissolved and a new civilian government, led by President Thein Sein,...

by Christopher O’Hara | On 27 Mar 2012

Close Eye or Closed Eye: The Case of Export Misinvoicing in Bangladesh

The effect of export subsidies on the under-invoicing of exports in Bangladesh is analyzed. In a framework that allows for unobserved heterogeneity among importing countries and product specificities,...

by Pranav Kumar Gupta | On 16 Mar 2012

Report on China's Central, Local Budgets (2012)

REPORT ON THE IMPLEMENTATION OF CENTRAL AND LOCAL BUDGETS FOR 2011 AND ON DRAFT CENTRAL AND LOCAL BUDGETS FOR 2012. [Ministry of Finance Report]. URL:[http://www.npc.gov.cn/englishnpc/news/...

by Ministry of Finance China | On 15 Mar 2012

State of Indian Agriculture 2011-12

The report reviews the status and performance of agriculture, especially during the last two decades, and also presents what could be the way forward, given our objectives of accelerated growth, inc...

by Ministry of Agriculture GOI | On 14 Mar 2012

Services as a New Engine of Growth for ASEAN, the People’s Republic of China, and India

The purpose of this report is twofold. First, a compendium of relevant data is presented on the state of the services sector in the ACI (ASEAN, PRC and India) countries, focusing on its contribution t...

by Ben Shepherd | On 12 Mar 2012

The Global Race for Excellence and Skilled Labour: A Status Report

In this context, higher education as well as research and development (R&D) have long since ceased to be purely the domain of the developed Western economies. Numerous regions of the world, some in th...

by Ingo Rollwagen | On 09 Mar 2012

Agricultural Insurance in India: Problems and Prospects

The challenges of providing insurance to Indian agricultural sector in a manner that is both meaningful and sustaining. Critical assessment of the existing initiative and present possible options fo...

by M J Bhende | On 09 Mar 2012

Theft and Loss of Electricity in an Indian State

Utilizing data from the power corporation of Uttar Pradesh, India’s most populous state, the politics of electricity theft over a ten year period (2000–09) is studied. It is seen that electricity the...

by Miriam Golden | On 06 Mar 2012

Taiwan’s Role in the Breakout of the Taiwan Strait Crises: A Historical Perspective

The implications of the rule of Chiang Kai-shek and his son Chiang Ching-kuo in Taiwan (1950–1988) for the Taiwan Strait Crises is examined, especially the third one af??ter the Cold War and potenti...

by Lu Jinghua | On 05 Mar 2012

What is the (New) Deal with Fragile States?

Poor governance and lack of state capabilities in around 45 countries pose a threat to global security and development. The involvement of the international community is required to help these st...

by Wim Naudé | On 02 Mar 2012

Working of Livestock Exchange Markets in Rajasthan

Livestock sector is an integral part of India’s agriculture and an important part of the whole economy with reference to employment, income and earning of foreign exchange for the country. The growth...

by Ministry of Agriculture GOI | On 01 Mar 2012

Capital Accumulation and Convergence in a Small Open Economy

Outward-oriented economies seem to grow faster than inward-looking ones. Does the literature on convergence have anything to say on this? In the dynamic Heckscher-Ohlin-Samuelson model, with factor-pr...

by Partha Sen | On 28 Feb 2012

Regional and Global Monetary Cooperation

The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation...

by Mario Lamberte | On 21 Feb 2012

Mumbai Riots, 1992-3: Revisiting the Affected

Review of the book 'Riots and After in Mumbai: Chronicles of Truth and Reconciliation' Meena Menon, Sage Publications India, 2011, Pp 267 + xcii, Rs. 595/-

by Irfan Engineer | On 17 Feb 2012

Formalizing the Informal Economy: Women’s Autonomous Self-Employment in Rural South India

This paper considers the effects of contemporary restructuring of women and men’s employment in rural south India alongside ongoing efforts to recast India’s poor rural women as entrepreneurs. This s...

by Samantha Watson | On 15 Feb 2012

The Financial Structure and Performance of Philippine Credit Cooperatives

This study is an attempt to assess the importance and potential impact of any further development of the credit cooperative sector; identify development interventions that will result in a strong Fil...

by Gilberto M Llanto | On 13 Feb 2012

Selling Formal Insurance to the Informally Insured

Unpredictable rainfall is an important risk for agricultural activity, and farmers in developing countries often receive incomplete insurance from informal risk-sharing networks. The demand for, and...

by A. Mushfiq Mobarak | On 10 Feb 2012

Bank Lending and Monetary Shocks: Evidence from a Developing Economy

This paper investigates the role of credit market frictions in the transmission of monetary shocks in Pakistan. First, using macro data, it is shown that banking spreads are countercyclical, even it i...

by M. Ali Choudhary | On 08 Feb 2012

Girls Take Over: Long-term Impacts of an Early Stage Education Intervention in the Philippines

This paper examines the long-term impacts of improved school quality at the elementary school stage on subsequent schooling investments and labor market outcomes using unique data from a recent survey...

by Futoshi Yamauchi | On 31 Jan 2012

Macroeconomic and Monetary Developments Third Quarter Review 2011-12

The Growth outlook has weakened as a result of adverse global and domestic factors that have been mentioned above. Business and consumer confidence has been impacted. Professional forecasters now...

by Reserve Bank of India RBI | On 25 Jan 2012

Total Sanitation Campaign - Progress and Issues: Situational Analysis of Andhra Pradesh with reference to Total Sanitation Campaign

This paper has tried to address some key research questions like will India and Andhra Pradesh achieve the Millennium Development Goal of Sanitation ? Are the TSC targets realistic? What is coverage...

by M Snehalatha | On 25 Jan 2012

To Bt or Not to Bt? Risk and Uncertainty Considerations in Technology Assessment

Production costs and crop incomes in drought years are analyzed to test a simplistic theory of risk based on first principles. A mixed-methods framework is employed to draw inferences by combining da...

by Sarthak Gaurav | On 24 Jan 2012

Evidence on Changes in Time Varying Volatility around Bonus and Rights Issue Announcements

The short term and long term stock price volatility changes around bonus and rights issue announcements have been examined using historical volatility estimation and time varying volatility approach...

by Madhuri Malhotra | On 24 Jan 2012

Banks, Policy and Risks

This paper assesses the sources of risk for Indian banks in the context of their history, structure, level of development, and policy environment and draws out implications for global and domestic pol...

by Ashima Goyal | On 18 Jan 2012

Peer Effects, Risk Pooling, and Status Seeking: What Explains Gift Spending Escalation in Rural China?

It has been widely documented that the poor spend a significant proportion of their income on gifts even at the expense of basic consumption. We test three competing explanations of this phenomenon—pe...

by Xi Chen | On 10 Jan 2012

Challenges in IMS Reforms: A Global and Emerging Markets Perspective

The current global financial crisis has reopened an old debate on the international monetary system by baring weaknesses and flaws that have long been known. The debate is centred on both stability an...

by Alok Sheel | On 10 Jan 2012

Are All Migrants Really Worse Off in Urban Labour Markets? New Empirical Evidence from China

The rapid and massive increase of rural-to-urban migration in China has drawn attention to the welfare of migrant workers, particularly to their working conditions and pay. This paper uses data from...

by Jason Gagnon | On 06 Jan 2012

Inter-connectedness of Banks and NBFCs in India: Issues and Policy Implications

The recent global financial crisis (2007-09) has clearly highlighted the gravity of high financial inter-connectedness within the financial system. In the Indian context, this brief study attempts to...

by Karunagaran A | On 05 Jan 2012

The Broken Broker System? Transacting on Agricultural Wholesale Markets in India (Uttarakhand)

The focus is on the central role played by state-regulated commission agents, known as brokers: agents who are widely present in Indian markets to assist sellers in finding buyers through organizing a...

by Bart Minten | On 29 Dec 2011

Economic Dynamics and Forest Clearing: A Spatial Econometric Analysis for Indonesia

This paper uses a large panel database to investigate the determinants of forest clearing in Indonesian kabupatens since 2005. The study incorporates short-run changes in prices and demand for palm...

by David Wheeler | On 28 Dec 2011

Seasonal Migration and Risk Aversion

Pre-harvest lean seasons are widespread in the agrarian areas of Asia and Sub-Saharan Africa. Every year, these seasonal famines force millions of people to succumb to poverty and hunger. An incentive...

by Gharad Bryan | On 20 Dec 2011

Monetary Neutrality in the Nepalese Economy during 1975-2008

One of the methods of measuring the effectiveness of monetary policies is via inspection of monetary neutrality in the economy. It is a concept from classical economics and it suggests that changes...

by Mukesh Khanal | On 16 Dec 2011

A China Round of Multilateral Trade Negotiations

Until recently, the World Trade Organization (WTO) has been an effective framework for cooperation because it has continually adapted to changing economic realities. The current Doha Agenda is an ab...

by Aaditya Mattoo | On 13 Dec 2011

Estimating the Value of Statistical Life in Pakistan

The study estimates the Value of Statistical Life and Limb in Pakistan based on the compensating wage differential among blue-collar industrial workers in the city of Lahore. The data for this study...

by Mohammad Rafi | On 07 Dec 2011

Monetary and Fiscal Policy in the Presence of Informal Labour Markets

How does informality in emerging economies affect the conduct of monetary and fiscal policy? To answer this question two-sector, formal-informal new Keynesian closed-economy is constructed. The inf...

by Nicoletta Batini | On 02 Dec 2011

National Urban Transport Policy

The objective of this policy is to ensure safe, affordable, quick, comfortable, reliable and sustainable access for the growing number of city residents to jobs, education, recreation and such other...

by Ministry of Urban Development GOI | On 30 Nov 2011

How Are Markets Made?

The purpose of this paper is to analyze the making of markets. The paper identifies two ideal-typical processes in which markets are made – organized making and spontaneous making – which are often...

by Patrik Aspers | On 29 Nov 2011

The Politics of Water Discourse in Pakistan

The policy brief explores the evolving discourse on water issues in Pakistan where the process of political articulation, securitization and mobilization which often links water to Kashmir is studied....

by Medha Bisht | On 24 Nov 2011

Informal Labour and Credit Markets: A Survey

This paper reviews the literature on the informal economy, focusing first on empirical findings and then on existing approaches to modelling informality within both partial and general equilibrium e...

by Nicoletta Batini | On 24 Nov 2011

Wrong Climate for Big Dams: Destroying Rivers will Worsen Climate Change

P roponents of large dams, hoping to capitalize on concern for climate change, are promoting a major expansion of large dams in developing countries. Yet large dams are highly vulnerable to climate ch...

by International Rivers Network IRN | On 24 Nov 2011

How Prudent are Rural Households in Developing Transition Economies: Evidence from Zhejiang, China

Rural households in developing economies frequently use precautionary saving to cope with income risk. Such prudent behavior can be strengthened in transition economies where more risks are typically...

by Ling Jin | On 23 Nov 2011

In Search of Growth

With deep crisis weakening potential output growth, the need for an explicit growth policy is emerging most starkly in Japan, the EU and the US. If properly shaped, this will help to consolidate bud...

by Klaus Deutsch | On 21 Nov 2011

The Impossible Trinity and Capital Flows in East Asia

The Impossible Trinity doctrine still holds a powerful sway over policymakers, advisors (particularly the International Monetary Fund [IMF]) and academia. In East Asia over the past decade, however,...

by Stephen Grenville | On 15 Nov 2011

Regulate the Share Markets and Save the Country

The 1% rich and powerful have found the Occupy Wall Street movement unsettling and have also made attempts at curbing its influence and outreach. It is now possible for stock-traders in international...

by Bhalchandra Kango | On 08 Nov 2011

The Public Procurement Bill, 2011

An Act to regulate public procurement with the objective of maximising economy and efficiency, promoting competition among suppliers and contractors while ensuring a fair, transparent and equitable...

by Planning Commission | On 08 Nov 2011

Coordination Under Uncertain Conditions: An Analysis of the Fukushima Catastrophe

This paper analyzes the impacts of the 11 March 2011 earthquake and tsunami at the Fukushima nuclear power plant in Japan, which were amplified by a failure of coordination across the plant, corporate...

by Masahiko Aoki | On 03 Nov 2011

Unilateral Carbon Border Measures: Key Legal Issues

Parties to the United Nations Framework Convention on Climate Change (UNFCCC) have been engaged in discussions on the future of the climate change regime. While the principle of “common but differenti...

by Anuradha R. V. | On 01 Nov 2011

Teaching How to Bridge Neuroscience, Society, and Culture

In most universities, sharp disciplinary and departmental divisions continue to this day and have regrettably translated into the life sciences being taught with scarce attention to their historical a...

by Giovanni Frazzetto | On 31 Oct 2011

Discount Rate for Health Benefits and the Value of Life in India

This study contributes to the literature by estimating discount rate for environmental health benefits and value of statistical life of workers in India. The discount rate is imputed from wage-risk...

by K. R. Shanmugam | On 19 Oct 2011

An Empirical Analysis of Monetary and Fiscal Policy Interaction in India

This study analyses the behaviour of monetary and fiscal policies interaction in India using quarterly data for 2000Q2 to 2010Q1. It finds that, even after the elimination of automatic monetisation...

by Janak Raj | On 11 Oct 2011

Loan-to-Value Ratio as a Macro-Prudential Tool: Hong Kong's Experience and Cross-Country Evidence

This study assesses the effectiveness and drawbacks of maximum loan-to-value (LTV) ratios as a macroprudential tool based on Hong Kong’s experience and econometric analyses of panel data from 13 eco...

by Eric Wong | On 03 Oct 2011

Openness, Economic Growth and Labour Migration in times of Global Downturn: with Special Reference to Asian Examples

This paper starts by examining some of the variables that have been considered important determinants of openness and how views of these have changed over the last twenty years. It then considers th...

by Kenneth E Jackson | On 29 Sep 2011

What Causes Agglomeration? – Policy or Infrastructure – A Study of Indian Manufacturing Industry

This paper investigates whether industrial dispersal policy is more potent or the natural and agglomeration cost advantages are important in influencing locational choice of a firm. To carry out the a...

by Vinish Kathuria | On 22 Sep 2011

Gender Inclusion in Climate Change Adaptation

A review of the various issues related to gender and poverty and examine the relationships between gender and various indices, including the human development index (HDI), the gender inequality index...

by Midori Aoyagi | On 22 Sep 2011

Iraq’s Last Window: Diffusing the Risks of a Petro-State

This paper, examines the possibility of adopting Oil- to- Cash scheme in Iraq. Here, a new opportunity is identified which aims for direct distribution of Iraqi oil rents in the planned production exp...

by Johnny West | On 19 Sep 2011

National Policy for Senior Citizens: 2011

The foundation of the new policy, known as the “National Policy for Senior Citizens 2011” is based on several factors. These include the demographic explosion among the elderly, the changing economy a...

by Ministry of Social Justice and Empowerment GOI | On 19 Sep 2011

Slower Growth in China: How Much of a Drag on the Global Economy?

China’s expected growth slowdown - from 10.3 per cent yoy in 2010 to 8.9 per cent this year and 8.3 per cent in 2012 - will impact the global economy. An in-depth look at how important China really is...

by Steffen Dyck | On 09 Sep 2011

Working Group on the Issues and Concerns in the NBFC Sector: Report and Recommendations

The Working Group was constituted to review the existing regulatory and supervisory framework of non-banking finance companies (NBFCs) with special focus on the risks in the sector. The approach adopt...

by Reserve Bank of India RBI | On 30 Aug 2011

Policy Dilemmas in India: The Impact of Changes in Agricultural Prices on Rural and Urban Poverty

Trade policy reforms which lead to changes in world prices of agricultural commodities or domestic policies aimed at affecting agricultural prices are often seen as causing a policy dilemma: a fall...

by Sandra Polaski | On 26 Aug 2011

When do Stock Futures Dominate Price Discovery?

Stock futures offer leveraged positions and are expected to attract informed traders. Many researchers have found that the information share of the stock futures is surprisingly small; the equity sp...

by Jeffrey Vincent | On 24 Aug 2011

Risks, Farmers’ Suicides and Agrarian Crisis in India: Is There A Way Out?

Poor returns to cultivation and absence of non-farm opportunities are indicative of the larger socio-economic malaise in rural India. This is accentuated by the multiple risks that the farmer faces...

by Srijit Mishra | On 23 Aug 2011

Technology in Banking- In Pursuit of Excellence

The contribution of technology to the Indian banking industry, the role played by IDRBT and the significance of banking technology awards, in fostering the technological developments of banks. Issues...

by Anand Sinha | On 23 Aug 2011

Identifying Systemically Important Financial Institutions (SIFIs)

In this study the analytical framework for identifying and benchmarking systemically important financial institutions is discussed. First, the main concepts underlying the SIFI definition are laid out...

by Christian Weistroffer | On 12 Aug 2011

Bond Market Development in Asia: An Empirical Analysis of Major Determinants

This study attempts to identity the major determinants of bond market development in Asian economies, through examining its relationship with selected key financial and economic factors, and to provid...

by Biswa Nath Bhattacharyay | On 10 Aug 2011

In the Shadow: Illegal Markets and Economic Sociology

Illegal markets differ from legal markets in many respects. Although illegal markets have economic significance and are of theoretical importance, they have been largely ignored by economic sociology....

by Jens Beckert | On 05 Aug 2011

Tracking India Growth in Real Time

This paper compares different approaches to the short term forecasting (nowcasting) of real GDP growth in India and evaluates methods to optimally gauge the current state of the economy. Univariate ...

by Rudrani Bhattacharya | On 02 Aug 2011

Draft National Competition Policy for India

National Competition Policy is necessitated, as an overarching Policy framework, in continuation of the 1991-reforms, to infuse greater competition across sectors, and unleash fuller growth potential...

by Ministry of Corporte Affairs GOI | On 01 Aug 2011

Mutual Funds and Market Development in India

A brief description of the role of Mutual Funds in money markets and government securities makets are provided. Some of the regulatory issues that arise are discussed. The role of Mutual Funds in fina...

by Subir Gokarn | On 08 Jul 2011

Barriers to Household Risk Management: Evidence from India

Why do many households remain exposed to large exogenous sources of non-systematic income risk? Why don’t financial markets develop to pool these risks? This paper uses a series of randomized field...

by Shawn Cole | On 06 Jul 2011

Doha or Dada: The World Trade Regime at an Historic Crossroads

This study was not alone in demonstrating that a deal on the Doha Round could be of huge benefit to the global economy. Assuming plausible enhancements in the course of further negotiations, the big...

by Klaus Deutsch | On 06 Jul 2011

Access to Land and Land Policy Reforms

The objective of this research and policy brief is to analyse different mechanisms of access to land for the rural poor in an era when redistribution through expropriative land reform is largely incon...

by Alain de Janvry | On 10 Jun 2011

Non-financial Reporting – What, Why and How - Indian Perspective

The importance of non-financial reporting in the overall assessment of a company's performance, its risk-return trade off is steadily gaining ground, both globally and in India. [Address by Dr K. C...

by Chakrabarty K C | On 10 Jun 2011

Migration and Health: A Framework for 21st Century Policy-Making

It lays out a migratory process framework that highlights the multistaged and cumulative nature of the health risks and intervention opportunities that can occur throughout the migration process, and ...

by Cathy Zimmerman | On 10 Jun 2011

Evolution of Land Distribution in West Bengal 1967-2004

This paper uses data from a household survey to estimate changes in land distribution in rural West Bengal between 1967-2004 and decompose these into contributions of different factors. There was a...

by Pranab Bardhan | On 09 Jun 2011

Report of the Expert Group on Agricultural Indebtedness

The issue of farmers’ indebtedness becomes a matter of intense debate whenever the agricultural sector faces distress. But, the root cause of the current crisis is not indebtedness alone - indebtedn...

by Indira Gandhi Institute of Development Research | On 30 May 2011

Social and Economic Impact of Disasters: Estimating the Threshold between Low and High Levels of Risk

Catastrophes caused by natural hazards that hit “without warning” serve as grim reminders of the challenge that governments and civil society face in identifying and protecting the areas that are...

by Clovis Freire | On 23 May 2011

Causes of Asset Shortages in Emerging Markets

In this paper it has been illustrated that emerging markets (EMs) face a shortage of financial assets, with financial assets not growing as rapidly as domestic savings. Then the asset shortage in EMs...

by Chen Jiaqian | On 17 May 2011

Behavioural Risks in Early Adolescents with HIV Positive Mothers

Although advances in medical treatment have reduced mortality in people living with HIV, thousands of children will continue to cope with the stress of living with a parent who has a chronic, potentia...

by Asha Menon | On 09 May 2011

Non-Recourse Mortgages and Credit Market Breakdowns: A Framework for Policy Analysis

This paper illustrates that the legal structure of mortgage credit, in particular, its status in terms of recourse in foreclosure, can lead not only to the familiar problem of adverse selection ...

by Kaushik Basu | On 05 May 2011

Report of the Task Force on Plantations Sector

Today there is no credible alternative facility available to a grower to meet the risks of price movements and the art of price risk management is unknown to the small growers. (In this entire report,...

by Ministry of Commerce and Industry GOI | On 02 May 2011

The Quality of Medical Care in Low-Income Countries: From Providers to Markets

The excellent systematic review in this week’s PLoS Medicine by Paul Garner and colleagues focuses discussion on this critical issue. Their finding of poor quality in both the public and private s...

by Jishnu Das | On 29 Apr 2011

Find Me the Money: Financing Climate and Other Global Public Goods

In this paper, four categories of existing resource-mobilization options are examined, including (1) transportation levies; (2) currency and financial transaction taxes; (3) capitalization of IMF S...

by Nancy Birdsall | On 21 Apr 2011

Statement by Governor, RBI

There have been significant developments in the global economy since we met in the fall of 2010. The IMF too has moved on several fronts under its mandate which has strengthened its position in a chan...

by Duvvuri Subbarao | On 20 Apr 2011

Unique Identity Project in India: A Divine Dream or a Miscalculated Heroism?

This paper, tries to put the current Unique Identity Project (UID) project of India into a perspective to evaluate the set of issues and concerns, as pointed by various stakeholders and try to under...

by Rajanish Dass | On 19 Apr 2011

Financial Regulatory Harmonization in East Asia: Balancing Domestic and International Pressures for Corporate Governance Reforms

Focusing on corporate governance, which many see as a critical part of the 1997 Asian financial crisis, and which is also seen as unresponsive to calls for change, this paper argues that such harmoniz...

by Richard W Carney | On 12 Apr 2011

Liquidity Considerations in Estimating Implied Volatility

Some option series in the market are far less liquid than others. Market illiquidity can reduce the informativeness of option prices. In this paper, an alternative schemes are proposed to estimate im...

by Rohini Grover | On 09 Apr 2011

Budget 2011-12, Meghalaya

Budget 2011-12 presented by the Finance Minister.

by Government of Meghalaya Govt | On 28 Mar 2011

Locational Determinants of Acquisitions from China and India:The Role of Human Capital

MNEs are increasingly seeking to augment, as well as exploit, their global competitive advantage. Foreign direct investments are being directed to augmenting the competitive ownership specific...

by De Beule Filip | On 23 Mar 2011

Are Emerging Stock Markets Sideshows? Some Stylised Facts from an Emerging Economy, India

The article addresses one of the most important policy questions: what role do emerging stock markets play in influencing real decisions such as corporate private investment? In this article we pres...

by Saumitra N Bhaduri | On 18 Mar 2011

A Green Venture Fund to Finance Clean Technology for Developing Countries

A structure for the green venture fund (GVF) and explain the design rationale, operating principles and key parameters for two funds of funds for technology innovation and deployment is proposed. Some...

by Darius Nassiry | On 16 Mar 2011

Governing Globalization: Issues and Institutions

This policy brief is intended to outline suggestions and stimulate discussion at a time when the world community is thinking about, and is engaged in, a debate on global governance. The policy brief n...

by Deepak Nayyar | On 04 Mar 2011

Giving Credit Where it is Due

This paper shows how the productive interplay of theory and experimental work has furthered our understanding of credit markets in developing countries. Descriptive facts motivated a body of theory,...

by Abhijit V. Banerjee | On 28 Feb 2011

Integrated Disease Surveillance Project (IDSP): Non-Communicable Disease Risk Factors Survey

The overall objective of the Non-Communicable Disease (NCD) risk factors survey was to improve the information available to the Government health services and care providers on a set of high-priority...

by Ministry of Health and Family Welfare H & FW | On 24 Feb 2011

Central Bank Lessons from the Global Crisis

Nine preliminary lessons from the Great Recession for monetary and financial policies are presented. [3rd P. R. Brahmananda Memorial Lecture].

by Stanley Fischer | On 18 Feb 2011

Bright Lines, Risk Beliefs, and Risk Avoidance: Evidence from a Randomized Experiment in Bangladesh

43 villages in Bangladesh were randomized to receive information on well-water arsenic that emphasized water safety relative to the national standard (bright-line message) or provided additional infor...

by Lori Bennear | On 02 Feb 2011

Russia’s Quasi-Sovereign Debt: A Sizeable Contingent Liability

An overview of corporate and quasi-sovereign debt in Russia is provided. Fiscal sustainability in Russia in a broader framework analysed. Scenarios for public debt developments until 2020, also taking...

by Maria Arakelyan | On 31 Jan 2011

Before the Deluge: Coping with Floods in a Changing Climate

Improving our ability to cope with floods under current and future climates requires adopting a more sophisticated set of techniques -- the "soft path" of flood risk management, which aims to understa...

by International Rivers Network IRN | On 31 Jan 2011

Global Employment Trends 2011: The Challenge of a Jobs Recovery: Executive Summary

This year's Global Employment Trends report is the first to assess how the world’s labour markets have been faring during the ongoing economic recovery and provide projections of employment and unempl...

by International Labour Organisation ILO | On 31 Jan 2011

Microfinance and Moneylender Interest Rate: Evidence from Bangladesh

The linkage between the formal and informal credit markets has long been of great interest to development economists. This paper addressed one aspect of the linkage by empirically investigating the...

by Debdulal Mallick | On 25 Jan 2011

Evolution of India’s Exchange Rate Regime

The paper analyzes the changing INR trends over the reform period, in the context of fundamental determinants of exchange rates. [WP-2010-024].

by Ashima Goyal | On 13 Jan 2011

Poverty and the Welfare Costs of Risk Associated with Globalization

‘Globalization’ implies change, and uncertainty over future change may affect household welfare. They use data on Lorenz curves over the last fifty years for a sample of 53 (mostly developing) cou...

by Ethan Ligon | On 24 Dec 2010

A Technical Paper on “Inflation Indexed Bonds (IIBs)"

This technical paper sets out the benefits and downsides of issuing IIBs along with explaining its structure comprising of indexation (principal or interest), inflation index lag, issuance method, met...

by Reserve Bank of India | On 17 Dec 2010

Comparative Riskiness of Random Vector Outcome

In this paper they introduce two other notions of the comparative riskiness of lotteries with vector outcomes. [Working Paper No. 191]

by Sudhir A. Shah | On 17 Dec 2010

The Future of Financial Liberalization in South Asia

The paper defines financial liberalization, distinguishing between liberalization of domestic financial markets and capital account convertibility. It then examines the stages and the strategy of Ind...

by Ashima Goyal | On 14 Dec 2010

People’s Republic of China and its Neighbors: Partners or Competitors for Trade and Investment?

The very rapid economic growth of the People’s Republic of China (henceforth PRC), its dramatic success in world export markets and its heavy receipts of foreign direct investment (FDI) have generat...

by John Weiss | On 10 Dec 2010

Solar Industry –Entering new Dimensions: Comparison of Technologies, Markets and Industries

Over the past two years the solar industry has shown itself to be incredibly resilient to the general economic crisis. Supported by cost-cutting and efficiency improvements, the photovoltaics (PV) in...

by Bank Sarasin | On 10 Dec 2010

Agribusiness in South Asia: A Fact Sheet

Agribusiness is the single largest sector of the economy in many developing countries and is growing fast. The present paper examines the situation of agribusiness in different countries of South Asia...

by Sukhpal Singh | On 09 Dec 2010

Asian Century: A Comparative Analysis of Growth in China, India and other Asian Economies

The paper argues that if the Chinese economy had failed, mainstream economics would have described this as completely predictable, given the extent and nature of involvement of the Chinese state in th...

by Kaushik Basu | On 06 Dec 2010

Consumer Confidence in Financial Markets

This paper makes an attempt to identify major factors, like currency forfeiting, loan default, capital shortfall, capital flight, etc which undermine consumer confidence in the financial services sect...

by Md. Kabir Ahmed Chowdhury | On 02 Dec 2010

When index dissemination goes wrong: How fast can traders add and multiply?

This paper studies an episode of dissemination of wrong stock index values in real time due to a software bug in the Indian Nifty index futures market on the morning of January 18, 2006. The episod...

by Jayanth R Varma | On 01 Dec 2010

Determinants of Trade Misinvoicing

Traditional explanations for trade misinvoicing -- high custom duties and weak domestic economies — are less persuasive in a world of high growth emerging markets who have low trade barriers. A 35- ...

by Ila Patnaik | On 22 Nov 2010

Integration of India’s Financial Markets on the Domestic and International Fronts: An Emperical Analysis of the Post-Liberalisation Period. June 2010

Against the backdrop of financial liberalisation, this paper examines India’s financial integration, both on the domestic and international fronts. Preliminary analysis of the secondary data shows ...

by Gargi Sanati | On 29 Oct 2010

Linking Asia’s Trade, Logistics, and Infrastructure

Infrastructure services, from both hard and soft infrastructure, play a vital role in facilitating Asia’s export-led growth by keeping the prices of delivered goods in export markets competitive. Ef...

by Douglas H. Brooks | On 28 Oct 2010

Strategic Choice of Freight Mode and Investments in Transport Infrastructure within Production Networks

In the context of production linkages in which downstream producers require freight services provided by transport operators, the author show that the strategic choice of using an alternative transp...

by Ying Yi Tsai | On 27 Oct 2010

The Republic of Korea’s Economy in the Swirl of Global Crisis

This paper argues that the Republic of Korea (hereafter Korea) is not immune to global crises, but that a more than proportional response of gross domestic product to global crises does not seem to be...

by Dongchul Cho | On 25 Oct 2010

Foreign Bond Markets and Financial Market Development: International Perspectives

The domestic bond markets of the Asia and Pacific region have grown considerably since the Asian financial crisis of 1997, although they remain undeveloped relative to the region’s weight in the w...

by Jonathan A. Batten | On 18 Oct 2010

Developing Asian Local Currency Bond Markets: Why and How?

This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond markets. The analysis demonstrates that Asian local currency bond markets made sub...

by Mark M. Spiegel | On 14 Oct 2010

International Reserves and Swap Lines in Times of Financial Distress: Overview and Interpretations

In this paper I review the use of precautionary measures aimed at mitigating emerging markets’ exposure to fragility associated with financial integration. The discussion draws possible lessons from t...

by Joshua Aizenman | On 13 Oct 2010

The Financial Crisis: A Wake-Up Call for Strengthening Regional Monitoring of Financial Markets and Regional Coordination of Financial Sector Policies?

How much can regional monitoring of financial markets and coordination of financial sector policies contribute to preventing and mitigating financial crises? This paper reviews and compares the experi...

by Adalbert Winkler | On 13 Oct 2010

The Impact of Free Trade Agreements on Business Activity: A Survey of Firms in the People's Republic of China

The People’s Republic of China (PRC) has emerged as a major player in the global economy and considers free trade agreements (FTAs) an important part of its global trading strategy. The PRC’s export i...

by Yunling Zhang | On 12 Oct 2010

Asian Property Markets: No Significant Bubbles-Yet!

After house price bubbles burst in many OECD countries, investors are keeping a very watchful eye for price developments on asset markets that signal a bubble.

by Steffen Dyck | On 08 Oct 2010

Role of the Leading Input in Shaping Institutions: Tendency in the Context of Irrigation Uncertainty

The past three decades have witnessed the growth of a voluminous literature on tenancy arid reIated institutions. Problems of resource use efficiency, role of markets, inter-linkages between markets...

by D. Narayana | On 04 Oct 2010

Public Debt Management in Sri Lanka-Performance in 2009 and Strategies for 2010 and Beyond

The information included in this publication covers the public debt management strategies adopted in 2009, the movements in debt stock during the year and the related costs and risks and the primar...

by Central Bank of SriLanka CBSL | On 30 Sep 2010

The Role of the State in Managing and Forestalling Systemic Financial Crises: Some Issues and Perspectives

This paper reviews recent state interventions in financial crises and draws lessons for crisis management. A number of areas are identified where crisis management could be strengthened, including...

by Charles Adams | On 29 Sep 2010

Macro-prudential Approach to Regulation - Scope and Issues

It is being acknowledged that a macro prudential perspective is critical in designing and pursuing micro prudential regulation of institutions and markets. Two distinct but highly inter-related constr...

by Shyamala Gopinath | On 28 Sep 2010

HANTEX: An Economic Appraisal

Most Governments in the Third World Countries have actively promoted cooperatives in the traditional sectors of the economy with a view to overcome the diseconomies of small size. Characterised as the...

by Mridul Eapen | On 27 Sep 2010

On R&D Information Sharing and Merger

The paper deals with the issue of information sharing in a Cournot duopoly by an innovating firm in the face of a merger with its rival. The innovating firm would share information about the cost...

by Uday Bhanu Sinha | On 27 Sep 2010

Comparative Risk Aversion When the Outcomes are Vectors

Pratt (1964) and Yaari (1969) contain the classical results pertaining to the equivalence of various notions of comparative risk aversion of von Neumann- Morgenstern utilities in the setting with re...

by Sudhir A. Shah | On 27 Sep 2010

Millers, Commission Agents and Collusion in Grain Auction Markets: Evidence From Basmati Auctions in North India

This paper undertakes structural estimation of asymmetric auction models in a market for basmati, and detects the presence of a cartel consisting of a large (in market share) local miller and comm...

by A. Banerji | On 23 Sep 2010

Joining the Fight Against Global Poverty: A Menu for Corporate Engagement

This paper speaks to companies seeking practical ways to alleviate global poverty. The private sector has several inherent competitive advantages to bring to bear in this effort through which they c...

by Staci Warden | On 15 Sep 2010

Design of Power Markets : Different Market Structures and Proposed Options for India

In this paper, the different market structure options and the broad organisational forms of restructured wholesale markets for electricity that have emerged, have been critically analysed. [Working Pa...

by Payal Malik | On 15 Sep 2010

Markets, Institutions and Efficiency: Ground Water Irrigation in North India

This paper analyzes the institutions and markets that govern groundwater allocation in the sugarcane belt of Uttar Pradesh, India, using primary, plot-level data from a village which shares the typic...

by A. Banerji | On 14 Sep 2010

The Evolution of Singapore Business: A Case Study Approach

This volume contains summaries of 12 case studies for three categories of business organisations defined by ownership, i.e. foreign, state and (local) private. The case studies explore the history a...

by Anisha Sabhlok | On 06 Sep 2010

Testing Unilateral and Bilateral Link Formation

The literature has shown that network architecture depends crucially on whether links are formed unilaterally or bilaterally, that is, on whether the consent of both nodes is required for a link to...

by Margherita Comola | On 31 Aug 2010

Youth Labour Markets in Europe and Central Asia

This paper looks at developments in and around the transition of young people from education to work in the ECA region in recent years. The purpose of the paper is to aid understanding of the curren...

by Niall O’Higgins | On 05 Aug 2010

Asia and the IMF

This lecture series begins with a discussion of the reforms that have undertaken in the IMF since the mid-1990s, and particularly since the start of the Asian economic crisis. It concludes with a disc...

by Stanley Fischer | On 04 Aug 2010

Determinants of Small-Scale Farmer inclusion in Emerging Moder Agrifood Markets: A Study of the Dairy Industry in India

In response to structural transformations taking place in the Indian dairy sector mainly in processing segment this paper examines determinants of market channel choices of milk produce...

by Vijay Paul Sharma | On 02 Aug 2010

European Views on Asia and Europe-Asian Relations

This paper examines in its first part, the views of leading European academics, politicians, lobbyists and opinion-makers on the issue of relations with Asia. The second part of this paper looks at...

by Venil Ramiah | On 29 Jul 2010

Competition and Collusion in Grain Markets: Basmati Auctions in North India

Many small wholesale grain markets in India are characterized by large numbers of sellers and a relatively small number of buyers, thereby lending the price formation process open to manipulation th...

by J.V. Meenakshi | On 26 Jul 2010

Sand in the Wheels of International Finance: Revisiting the Debate in Light of the East Asian Mayhem

The turmoil that has characterised the global financial markets since the 1990s, and particularly the crisis in East Asia, has generated a great deal of support for proposals to add some frictions t...

by Ramkishen Rajan | On 21 Jul 2010

The Efficiency Of Comparative Causation

Comparative causation is the only tort regime that allows parties to share an accident loss in equilibrium. The sharing of an accident loss between a nonnegligent injurer and his nonnegligent victim...

by Francesco Parisi | On 20 Jul 2010

Vulnerability and poverty in Bangladesh

This study estimates ex ante poverty and vulnerability of households in Bangladesh using Household Income and Expenditure Survey (HIES) data in 2005. Our results show that poverty is not same as vulne...

by Md. Shafiul Azam | On 19 Jul 2010

Private Supply of Water in Delhi

The paper discuses the water supply system in Delhi. It highlights the facts work done by the Delhi Jal Board, the role played by private water suppliers in Delhi, the effects of indiscriminate extrac...

by Shivani Daga | On 14 Jul 2010

Insurance and Investment within Family Networks

In this paper family networks affecting informal insurance and investment is being studied. Panel data from the randomized evaluation of PROGRESA in rural Mexico and the information on surnames of hou...

by Manuela Angelucci | On 09 Jul 2010

Residential Location and Youth Unemployment: The Economic Geography of School-To-Work

In response to increased international policy attention to youth unemployment this study investigates post-secondary school transitions of school leavers. Multinomial log it models are estimated for m...

by Regina T. Riphahn | On 09 Jul 2010

The Unsupportable Support Price : The Government in Paddy Auctions of Northern India

In consonance with the global trend of redefining the role of the government in developing and transition economies from producer to facilitator, there is today a lively debate in India on governm...

by J.V. Meenakshi | On 07 Jul 2010

The Question of Land and Infrastructure Development in India: Urgently Required Reforms for Fairness and Infrastructural Development

In this paper an analytical critique of the law and restrictions as also of the framework of urban planning and a justification for why major change is required in the approach to land markets, lan...

by Sebastian Morris | On 29 Jun 2010

Call Auctions: A Solution to Some Difficulties in Indian Finance

Call auctions represent an alternative strategy, where the order ow over a certain time period is pooled, and the market-clearing price obtained through an aggregated supply and demand curve. Cal...

by Susan Thomas | On 22 Jun 2010

Matching for Credit: Risk and Diversification in Thai Microcredit Groups

How has the microcredit movement managed to push financial frontiers? In a context in which borrowers vary in unobservable risk, Ghatak (1999, 2000) shows that group-based, joint liability contracts p...

by Christian Ahlin | On 21 Jun 2010

Understanding Vietnam: A Look Beyond Facts and Figures

Vietnam's (re) discovery in recent years by the international investor community gives the country a second chance to become and Asia tiger. The article looks into the economic, social, political, per...

by Tamara Trinh | On 16 Jun 2010

Parking Space for the Poor: Restrictions Imposed on Marketing and Movement of Agricultural Goods in India

Agricultural markets in India have been regulated since 1928 with the inception of the "Royal Commission of Agriculture." Policy intervention in agriculture was virtually absent till the Bengal Fam...

by Mayank Wadhwa | On 16 Jun 2010

Street Vendors: Exploitation by the State

Street vendors are those millions of people who come to cities as economic refugees hoping to provide basic necessities for their families.They are the main distribution channels for a large variety...

by Shailly Arora | On 15 Jun 2010

Adaptation, Plasticity, and Extinction in a Changing Environment: Towards a Predictive Theory

A simple evolutionary model is used to understand the critical rate of environmental change beyond which a population must decline and go extinct. The model is used to highlight the major determinants...

by Luis-Miguel Chevin | On 21 May 2010

The Shape of Temptation: Implications for the Economic Lives of the Poor

This paper argues that the relation between temptations and the level of consumption plays a key role in explaining the observed behaviors of the poor. Temptation goods are defined to be the set of...

by Abhijit Banerjee | On 13 May 2010

Vulnerability and Coping to Disasters: A Study of Household Behaviour in Flood Prone Region of India

This paper attempts to understand the various risks faced by households living in disaster prone regions of rural India and specifically examine the effectiveness of coping mechanisms adopted by ho...

by Unmesh Patnaik | On 12 Apr 2010

State Aid and Competition in Banking: The Case of China in the Late Nineties

A reduced form model where banks can pursue other goals than profit maximization is presented. This allows us to test for behavioral changes of banks over time. This model provides a framework to e...

by Xiaoqiang Cheng | On 23 Feb 2010

Nuclear Deterrence in Second Tier Nuclear Weapon States: A Case Study of India

The study examines the manner in which India is engaged in constructing a credible and stable deterrence relationship with two of its nuclear armed adversaries, Pakistan and China with an arsenal mu...

by Manpreet Sethi | On 16 Feb 2010

Should Banking Be Made Boring? - An Indian Perspective

Ills of the banking system that caused the crisis. An extensive analysis of the causes is given. A brief synopsis to provide a backdrop for the ‘boring banking’ discussion is given. [Speech at the Int...

by Duvvuri Subbarao | On 25 Nov 2009

Think the Future

The time may have come to stop thinking of five-year plans, and to focus instead on 10- and 20-year scenarios.

by T.N. Ninan | On 23 Nov 2009

Start With a Girl: A New Agenda for Global Health

Sheds light on the realities of girls' health and wellbeing in developing countries, on the links between the health of girls and the prospects for their families, and on the specific actions that wil...

by Miriam Temin | On 17 Nov 2009

Philosophy and Practice of Financial Sector Regulation – Space for Unorthodoxy

Evolution of the financial sector regulation in India, particularly focusing on the elements of the policy framework which have contributed to the broader stability in the financial sector is depicted...

by Shyamala Gopinath | On 05 Nov 2009

Second Quarter Review of Monetary Policy 2009 -10

The repo rate has been kept unchanged at 4.75%. The reverse repo rate left steady at 3.25%. The bank rate has been retained unchanged at 6.0%. The cash reserve ratio (CRR) of scheduled banks has been...

by D Subbarao | On 27 Oct 2009

Learning from Crises

Recollect and recount lessons from crises. The key lessons are how to anticipate and take pre-emptive action and equally important, once you are in the middle of it, how to respond effectively namely,...

by Usha Thorat | On 22 Oct 2009

Drug Regulation and Incentives for Innovation: The Case of ASEAN

The focus of this paper is to examine the ways in which regulatory framework affect the pharmaeutical innovations in developing countries using member countries of the Association of South-east Asian...

by Sauwakon Ratanawijitrasin | On 16 Oct 2009

Emerging Market Concerns: An Indian Perspective

From the perspective of Emerging Market Economies (EMEs) and particularly for that of India, five concerns are expressed. These are: first, timing of exit from the accommodative monetary policy in the...

by D Subbarao | On 15 Oct 2009

Coping with Rising Food Prices: Policy Dilemmas in the Developing World

Rising food prices cause considerable policy dilemmas for developing country governments. Letting domestic prices adjust to reflect the full change in international prices generates inflationary pres...

by Nora Lustig | On 09 Oct 2009

Poverty Vs Inequality

Are economic reforms and the greater role of markets responsible for growth being anti-poor and anti-equality, or is it the failure of governance in poverty-ridden states like Bihar and Jharkhand that...

by T.N. Ninan | On 22 Sep 2009

Monetary Policy, Forex Markets and Feedback Under Uncertainity in an Opening Economy

Options for monetary policy arising from interactions between it and Indian foreign exchange (FX) markets. A brief survey covers recent rapid changes providing a snapshot of current microstructure, ...

by Ashima Goyal | On 14 Sep 2009

What Is the Impact of the Global Financial Crisis on the Banking System in East Asia?

This paper assesses the condition and outlook of the financial sectors—in particular, the banking sector—in the East Asia region in the aftermath of the current global financial crisis. The risks in t...

by Michael Pomerleano | On 07 Sep 2009

A Simple Model of the Financial Crisis of 2007-9 with Implications for the Design of a Stimulus Package

The financial crisis of 2007-09 began as a local problem in the mortgage finance market in the United States and Europe but, within months, escalated into a general global financial crisis, resulting...

by Kaushik Basu | On 17 Aug 2009

Developing The Indian Debt Capital Markets: Small Investor Perspectives

This paper argues that with the recent economic reforms, an efficient and active debt market, particularly in long-term private debt instruments, is essential for the country to realize the full bene...

by Pronab Sen | On 13 Aug 2009

A Model of Market Clearing Exchange Rates

This paper formulates a model of exchange rate determination that describes the market processes by which the foreign exchange markets are cleared and international receipts of countries are brought...

by Rajas Parchure | On 06 Aug 2009

Global Financial Architecture: Past and Present Arguments, Advice, Action

In the context of the formation of G-20, the paper points out the absence of reform in the global financial architecture (GFA) after the East Asian crisis, and assesses factors that can improve the ch...

by Ashima Goyal | On 15 Jul 2009

A Status Report on India’s Financial System: A view from the Standpoint of Intermediation and Risk Bearing

The paper seeks to analyse and discuss the impact of financial reform and related institutional change on the process of financial intermediation. In effect reforms stood the earlier quantity driven...

by Chakrabarti B.B. | On 09 Jul 2009

Key Features of Budget 2009-2010

Key features of budget presented by the Finance Minister

by Pranab Mukherjee | On 06 Jul 2009

Privatized Retirement And how the Current Crisis has Worsen Worker’s Losses

The debate around retrenchment of pension systems became really popular in the 1990’s after the pioneering experience of Chile in 1981.The disastrous outcomes of the Chilean reform were widely known b...

by Camila Gripp | On 04 Jul 2009

Emerging Contours of Financial Regulation: Challenges and Dynamics

The paper attempts to analyse the emerging contours of regulation of financial institutions with an emphasis on the emerging challenges and dynamics. [Paper prepared for Financial Stability Review of...

by Rakesh Mohan | On 29 Jun 2009

Crises, Capital Controls, and Financial Integration

This paper analyzes the effects of capital controls and crises on financial integration, using stocks from emerging economies that trade in both domestic and international markets. The cross market p...

by Eduardo Yeyati | On 27 Jun 2009

Duality Mappings For The Theory of Risk Aversion with Vector Outcomes

The Author considera a decision-making environment with an outcome space that is a convex and compact subset of a vector space belonging to a general class of such spaces. Given this outcome space,he...

by Sudhir A. Shah | On 22 Jun 2009

Disentangling the Global Financial Crisis: A Review of the Global Response

At this moment, the world is undergoing the worst economic crisis since the Great Depression of 1930s. It is not clear exactly which factors instigated the crisis, but there are many candidates; the f...

by H. N. Thenuwara | On 15 Jun 2009

Foreign Exchange Liberalization: Perceptions, Realities and Way Forward

The article focuses on understanding of the economics of the exchange control liberalisation in macroeconomic perspectives and, therefore, the article does not attempt to interpret or explore the lega...

by P Samarasiri | On 12 Jun 2009

A New Debt Crisis? Assessing the Impact of the Financial Crisis on Developing Countries

This report is intended as a wake-up call to anyone who thinks the developing world debt crisis has been resolved. In fact, it assesses fears of a new debt crisis, more serious than before, spreading...

by Sarah Edwards | On 11 Jun 2009

Risk Management Lessons from the Global Financial Crisis

During the global financial turmoil of 2007 and 2008, no major derivative clearing house in the world encountered distress while many banks were pushed to the brink and beyond. An important reason for...

by Jayanth R Varma | On 26 May 2009

Aids In India

This paper revolves around the Public health related aspects of industrial and intellectual property rights policies in a developing country with respect to Aids in India. It also focusses on its prev...

by Samira Guennif | On 22 May 2009

Economic and Social Survey of Asia and the Pacific 2008: Addresing Triple Threats to Development

In 2008, three global crises converged to threaten development in the Asia-Pacific region, bringing to the fore particularly testing challenges for policymakers – a Great Recession in developed coun...

by Economic and Social Commission for Asia Pacific ESCAP | On 16 May 2009

Managing Prolonged Low Fertility: The Case of Singapore

This paper analyzes Singapore’s multi-pronged approach to managing prolonged low fertility which has led to population aging, labor force shortages, increasing elderly dependency ratios, and feminizat...

by Mukul. G Asher | On 15 May 2009

Supporting Youth at Risk: A Policy Toolkit for Middle-Income Countries

Youth at risk can be defined as individuals between the ages of 12 and 24 who face “environmental, social, and family conditions that hinder their personal development and their successful integration...

by World Bank | On 25 Apr 2009

Trade in Energy Services: GATS and India

India’s opportunities and constraints to trade in energy services within the GATS framework are examined. The study found that India has the capability of exporting high-skilled manpower at competit...

by Arpita Mukherjee | On 25 Feb 2009

Impact of the Global Financial Crisis on India Collateral Damage and Response

The impact of economic crisis on India has been analysed in the speech. [Speech delivered at the Symposium on 'The Global Economic Crisis and Challenges for the Asian Economy in a Changing World'].

by Duvvuri Subbarao | On 24 Feb 2009

Voices from the South: The Impact of the Financial Crise

Twenty-one thinkers, academics and policymakers from 14 developing countries present snapshot views of how the financial crisis is affecting their countries

by Globalisation Team IDS | On 31 Jan 2009

The Global Financial Turmoil and Challenges for the Indian Economy

Perspective on the current global turmoil, its impact on India, the outlook for the Indian economy and the challenges that lie ahead for the Indian banking system, in particular. [Speech delivered at...

by D Subbarao | On 19 Dec 2008

Contemporary International and Domestic Banking Developments and the Emerging Challenges

A broad overview, from the Indian perspective, of the factors underlying the credit market crisis in the west, the implications of the crisis for the financial sector, lessons learnt from it, the var...

by Leeladhar V | On 25 Nov 2008

Hobbes, Coase and Baliraja: Equity and Equality in Surface Water Distribution

It is attempted to understand the implications of equality in water distribution on social welfare with a simple abstract analysis using Leontief-type fixed production function.

by Sashi Sivramakrishna | On 16 Oct 2008

On The Existence and Efficiency of Equilibria Under Liability Rules

The first objective of this paper is to contribute to the debate regarding the desirability of the sharing of liability for the accident loss. The second objective is to extend the efficiency analysi...

by Ram Singh | On 08 Oct 2008

Financial Inclusion and Information Technology

Today banks have centralised operations, more and more banks and branches are moving to CBS , network based computing, new delivery channels such as networked ATMs, internet banking, smart card based...

by Usha Thorat | On 16 Sep 2008

Current Problems with the IMF and Challenges Ahead – A LatinAmerican Perspective

The paper examines the current problems with the IMF which include: 1) the institution is no longer fulfilling the functions it used to fulfil, nor is there a clear vision of any new functions for it;...

by Roberto Frenkel | On 21 Aug 2008

The Politics of Negotiation: MVF and Multinational Corporations on Child Labour in Cottonseed Field.

Child Labour in the hybrid cottonseed fields has caused much attention locally and internationally. Inexpensive labour is crucial for the farmers, as 52% of the cost of production goes toward human la...

by Yumi Lifer | On 13 Aug 2008

Impact of Proposed Commodity Transaction Tax

The relationship between trading activity, volatility and transaction cost using a three-equation structural model for five top selected commodities namely Gold, Copper, Petroleum Crude, Soya Oil and...

by Pravakar Sahoo | On 07 Aug 2008

An Agenda for Reform of the International Monetory Fund (IMF)

The International Monatory fund is facing an uncertain future. Notewithstanding the important contributions it has made in helping the global economy deal with major economic and financial changes and...

by Jack Boorman | On 06 Aug 2008

Distress Debt and Suicides among Agrarian Households: Findings from Three Villages in Kerala

The factors and process underlying agrarian distress in Kerala by undertaking the case studies of three villages situated in Wayanad and Idukki districts namely, Cherumad, Kappikkunnu and Upputhara. T...

by K.N. Nair | On 31 Jul 2008

The Future Role of the IMF: Asian Perspectives

The financial crisis of 1997 gave the Asian region a very hard lesson on the importance of financial stability. The severity of the crisis and the failure of IMF in assisting these countries became a...

by Titik Anas | On 17 Jul 2008

Girl Child Bonded Labour in Cottonseed Field

A new system of employing girl children as `bonded labourers' in cottonseed field has come into practice in recent years in the rural South India. The main reason for this is the introduction of hybri...

by Davaluri Venkateshwaralu | On 23 Jun 2008

Foreign Entry and Domestic Welfare: Can “Market Discipline” be Excessive

For most developed countries, "opening up" of the economy has meant the reduction of non-prohibitive tariffs and the easing or abolition of quantitative restrictions. For manydeveloping countries and...

by Aditya Bhattacharjea | On 20 Jun 2008

Impact Of Girl Child’s Enrollment On Work Sharing and Distribution Pattern in Families

Ranga Reddy district, where the present study is carried out is marked by low literacy rate and high concentration of child labour. M.V.Foundation adopted 16 Mandals of this district for the impleme...

by Davaluri Venkateshwaralu | On 10 Jun 2008

Draft Report of the Committee on financial Sector Reforms

The financial sector has built capabilities such that, with appropriate policy changes, it can grow tremendously, both domestically and internationally. the report touches upon two reasons for financi...

by Raghuram G. Rajan | On 14 Apr 2008

West Bengal Budget 2008-09

Budget and Annual Financial Statement for the year 2008-09.

by West Bengal Government | On 25 Mar 2008

Budget 2008-09 and Children A First Glance

Budget for Children (BfC) is not a separate budget. It is merely an attempt to disaggregate from the overall budget, the allocations made specifically for programmes that benefit children. From 2000-0...

by HAQ Centre for Child Rights HAQCRC | On 04 Mar 2008

Livelihood Risks and Coping Strategies: A Case Study in the Agrarian Village Of Cherumad, Kerala

The various dimensions of livelihood risk as informed by a in-depth case study of an agrarian village namely, Cherumad in Kerala is examined. [WP no. 394].

by K.N. Nair | On 06 Feb 2008

Union-Oligopoly Bargaining and Entry Deterrence:A Reassessment of Limit Pricing

This paper introduces wage bargaining in the framework of Milgrom and Roberts where the workers' reservation wage is the relevant information parameter critical for entry. The authors show that ent...

by Rupayan Pal | On 06 Feb 2008

Macro-economic Management of the Indian Economy: Capital Flows, Interest Rates and Inflation

The paper lays out a consistent frame work for monetary management in the context of excess capital inflows. There is an urgent need for developing competitive, open and well regulated markets for (...

by Arvind Virmani | On 24 Jan 2008

Who Can Rule?

As the title of the article says, the question asked here is who can fight terrorisn in Pakistan?

by T.N. Ninan | On 21 Jan 2008

Review of Globalisation and Opening Markets in Developing Countries and Impact on National Firms and Public Governance: The and Impact on National Firms and Public Governance: The Case of India

Review of Globalisation and Opening Markets in Developing Countries and Impact on National Firms and Public Governance: The Case of India by Jean-Francois Huchet & Joel Ruet, Scientific Coordinators,...

by Lakshmanan L | On 19 Jan 2008

Management of the Capital Account in India: Some Perspectives

Management of capital accounts in the global context and in the Indian context. [Inaugural address delivered by Dr. Y. V. Reddy, Governor, Reserve Bank of India at the Annual Conference of the Indian...

by Y V Reddy | On 08 Jan 2008

Sovereign Wealth Funds: Policy Implications for India

Sovereign Wealth Funds (SWFs) will be an integral and significant part of global financial and capital markets even in the medium term. It is important for India to put in place domestic safeguards ag...

by Mukul Asher | On 12 Dec 2007

The Growing Importance of Emerging Economies in the Globalised World and its Implications for the International Financial Architecture

The growing importance of India and other emerging economies in the globalized world are given in this lecture. This group of economies is not easy to define. However, some reflections on the implicat...

by Jean-Claude Trichet | On 30 Nov 2007

Fasten Your Seatbelts! Monetary Policy Challenges in Turbulent Times

One of the burning issues at the moment relates to increasing the “voice” or representation of emerging-market economies in international financial institutions such as the IMF and World Bank. There a...

by Mboweni T.T. | On 13 Nov 2007

Thirty Ways to Improve the Health of the World’s Poorest People

Only when (and if) the “haves” develop genuine empathy for the “have-nots,” and come to acknowledge their own long-term interdependence with all other humans, will the global economy be improved to an...

by PLoS Medicine | On 06 Nov 2007

Recent Financial Market Developments and Implications for Monetary Policy

The nature of the financial turbulence that happened recently in US and Europe, why it happened, where it happened, and the implications for central banks. Some of the forces that led up to and charac...

by Rakesh Mohan | On 12 Oct 2007

Elements of Effective Central Banking: Theory, Practice, and History

The key elements of effective central banking that account for much of the improvement in monetary policy around the world today are outlined and explained. The past quarter of the century has been a...

by Marvin Goodfriend | On 09 Oct 2007

Groundwater Management and Ownership: Report of Expert Group

It is time India recognises its dependency on groundwater resources, which is only going to increase in the coming years, partly because of growing urbanisation and industrialisation. In view of the g...

by Kirit Parikh | On 03 Oct 2007

What Can Economists Explain by Taking into Account People’s Perceptions of Fairness: Punishing Cheats, Bargaining Impasse, and Self-Perpetuating Inequalities

Evidence abounds that individuals have preferences for being fairly treated and treating others fairly. These preferences do not affect economic outcomes in competitive markets with standardized prod...

by Karla Hoff | On 03 Oct 2007

Volatality of Agricultural Prices – An Analysis of Major International and Domestic Markets

The price volatility of agricultural commodities assumes critical importance in the context of the ongoing debate regarding agricultural trade liberalisation in India. The arguments against agricultur...

by C S C Sekhar | On 12 Sep 2007

Report of the Inter-ministerial Task Force on Convergence of Securities and Commodity Derivative Market

With the abolition of prohibition on forward trade in all the commodities at the beginning of 2003, the commodity derivativesmarket has been totally liberalized. The Ramamoorthy Committee set up by SE...

by Ministry for Consumer Affairs,Food and Public Dist MCAFP | On 26 Aug 2007

Potential for Sharing Nuclear Power Infrastructure Between Countries

The introduction or expansion of a nuclear power programme in a country and its successful execution is largely dependent on the network of national infrastructure, covering a wide range of activities...

by International Atomic Energy Agency IAEA | On 21 Aug 2007

Essays: Monetary Policy: Satisfy China’s Demand for Money

A talk with Nobel economics laureate Robert Mundell on how Beijing can keep the yuan’s value fixed and still avoid inflation. China’s high balance of payments surplus and pressure on the yuan could be...

by Hugo Restall | On 04 Aug 2007

Institutional Influences on Human Capital Accumulation: Micro Evidence from Children Vulnerable to Bondage

The paper examines child labour, lower schooling attendance and attainment, and significantly elevated fertility in families vulnerable to debt bondage.

by Eric Edmonds | On 02 Aug 2007

Strategic Interdependence and Passive Smoking

An ex post analysis shows that avoidance, as against associating, by smoker and non-smoker when the former smokes is a Nash outcome. Ex ante, passive smoking occurs because socio-legal structures allo...

by Srijit Mishra | On 26 Jul 2007

A Water Monetary Standard: An Economic Thesis

In emerging markets and economies with limited supplies of potable water, the current monetary policy governing water distribution has failed or will eventually fail. This paper offers an alternative...

by Michael P. Jackson | On 09 Jul 2007

Review of High-Tech Industries in China: RBI Occasional Papers

Review of High-Tech Industries in China by Chien-Hsun Chen and Hui- Tzu Shih. RBI Occasional Papers, Vol. 27, No. 1 and 2, Summer and Monsoon 2006.

by Brijesh Pazhayathodi | On 05 Jul 2007

Reflections on Global Account Imbalances and Emerging Markets Reserve Accumulation

The lecture focuses on some implications -- both positive and normative -- of the most surprising development in the international financial system over the last half dozen years. That development is...

by Lawrence H. Summers | On 05 Jul 2007

Good Urban Governance as a Prerequisite for Sustainable Global Health

Risk and chances of urban sustainability are presented. The new concepts of urban governance and its implications are also explained [Power point Presentation].

by Frauke Krass | On 28 Jun 2007

Does the Market Matter? Economic History of an Indian Region in a Euro-Centric View

The 18th Century Deccan was a highly commercialised, market driven society, quite unlike the descriptions of "traditional" Indian societies in the literature. In many ways, this society was similar to...

by Neeraj Hatekar | On 27 Jun 2007

Industrial Clusters in India: Perspectives and Issues for Research

Considering the Indian context as the basis of enquiry into industrial clustering three important issues that largely determine the performance and strategy of firms to survive compete and grow are id...

by Keshab Das | On 27 Jun 2007

Impact of U.S. Federal Interest Rate and Movement of MSCI on Indian Capital Markets

The relationship between Indian macro-economic factors and economic growth has been analyzed by a number of empirical studies. This paper re-examines the sources of variability in the Indian economy f...

by Bharat Chadha | On 26 Jun 2007

Groundwater Irrigation in North India: Institutions and Markets

This paper analyzes the institutions and markets that govern groundwater allocation in the sugarcane belt of Uttar Pradesh, India, using primary, plot-level data from a village which shares the typica...

by Banerji A | On 21 Mar 2007

Fiscal Deficit, Capital Formation, and Crowding Out : Evidence from India

Theoretical literature identifies two variants of crowding out in an economy–real and financial. The real (direct) crowding out occurs when the increase in public investment displaces private capital...

by Lekha S. Chakraborty | On 17 Feb 2007

Food Retailing, Supermarkets and Food Security: Highlights from Latin America

The importance of supermarkets in the world food economy has increased radically since the early 1990s. They are now major sellers and buyers of food items not only in developed but also in developin...

by Mehmet Arda | On 27 Dec 2006

An Index of Uncertainty for Business Cycle Leading Indicators

Leading indicators based on correlations with reference cycles are regularly used to monitor the economy. It would be useful if we could have a quantitative measure of the risk associated with leadi...

by Minakshy Iyer | On 20 Dec 2006

Monetary Regionalism in Asia Revisited

Given the divergence in economic and institutional structures in the region, any attempt to create a common currency absent macroeconomic policy coordination and mechanism for automatic intra-regional...

by Ramkishen S. Rajan | On 30 Oct 2006

Monetary Regionalism in Asia Revisited

Given the divergence in economic and institutional structures in the region, any attempt to create a common currency absent macroeconomic policy coordination and mechanism for automatic intra-regional...

by Ramkishen S. Rajan | On 30 Oct 2006

PAER Issue No. 39, October 2006

* The Future of Economic Policy Making by Left-of-Center Governments in Latin America by Juan Carlos Moreno-Brid and Igor Paunovic (United Nations, Mexico) * Latin America: The End of an Era b...

by Post-Autistic Economics Movement | On 02 Oct 2006

WCD Thematic Papers I.1: Contributing Paper: Dams and Benefit-Sharing

Historically, hydropower developed in the early 1900s as a local activity with small projects supplying local communities and industry: projects had local impacts and provided local benefits. As dams...

by Joseph Milewski | On 03 Jun 2006

An evaluation of the developmental implications of the World Bank and IMF lending policies

This paper dwells on the essential requirements of economic development and the role of international credit,. It is also an incursion into the operational principles and strategies of the World Ba...

by Musa Jega Ibrahim | On 01 Jun 2006

India’s Demographic Trends: Implications for Growth and Capital Markets

India is in a favourable demographic phase, which has the potential to increase its trend rate of growth and depth of its financial and capital markets. These effects however are not likely to be au...

by Mukul Asher | On 17 Apr 2006

What’s So Special about China’s Exports?

Much more than comparative advantage and free markets have been at play in shaping China's export success. Government policies have helped nurture domestic capabilities in consumer electronics and oth...

by Dani Rodrik | On 04 Mar 2006

Economic Survey 2005-06, Chapter 4

Securities Markets

by Ministry of Finance | On 27 Feb 2006

Home-based Work in India: A Disappearing Continuum of Dependence?

In India, the recent decade has seen particularly dynamic changes in the economy due to the economic reforms. This might have had a significant impact on the labour markets and also led to expansion...

by Jeemol Unni | On 16 Feb 2006

The Social Cost of Foreign Exchange Reserves

There has been a very rapid rise since the early 1990s in foreign reserves held by developing countries. These reserves have climbed to almost 30 percent of developing countries' GDP and 8 months of i...

by Dani Rodrik | On 27 Jan 2006

Macroeconomic and Monetary Developments: Third Quarter Review 2005-06

Contents I. The Real Economy -- 1 Agricultural Situation Industrial Performance Business Expectations Surveys Services Sector II. Fiscal Situation 14 Combined Government Fi...

by Reserve Bank of India | On 25 Jan 2006

Has Financial Development Made the World Riskier?

Developments in the financial sector have led to an expansion in its ability to spread risks. The increase in the risk bearing capacity of economies, as well as in actual risk taking, has led to a ran...

by Raghuram G. Rajan | On 16 Nov 2005

Survey Of Research In Industrial Sociology (1987-2002)

This paper attempts to assess the research done in the field of industrial sociology during the period 1987 and 2002. Only published work have been noted. The review does not cover unpublished M. Phil...

by Sharit Bhowmik | On 01 Sep 2005

Minimum Wages And Poverty

Textbook analysis tells us that in a competitive labor market, the introduction of a minimum wage above the competitive equilibrium wage will cause unemployment. This paper makes two contributions to...

by Gary Fields | On 30 Aug 2005

Infant And Under-Five Mortality In India: Levels, Patterns And Correlates

General economic growth (resulting in higher living standards), improved infrastructure, and greater child immunization coverage will be essential in lowering infant and under-five mortality rates in...

by Anil B. Deolikar | On 26 Aug 2005

The IMF in a World of Private Capital Markets

The IMF attempts to stabilize private capital flows to emerging markets by providing public monitoring and emergency finance. In analyzing its role we contrast cases where banks and bondholders do the...

by Barry Eichengreen | On 05 Aug 2005

From Governments To Markets: Funding Urban Infrastructure

Provision of quality urban infrastructure is an area of major concern forthe Indian Economy. The environment defined by the context of globalisation and privatisation has implied fiscal compression an...

by Abhay Pethe | On 05 Aug 2005